Briefly discuss several reasons why a will is necessary.
What will be an ideal response?
Without a will the property and possessions of the deceased will fall into intestate succession. Having a will allows the person to have an apportionment clause distributing the estate tax burden among the beneficiaries. Wills allow for the distribution of wealth to the beneficiaries as seen fit by the testator. Wills also allow for the appointment of guardians and guidelines to care for the minors. Wills may provide funeral arrangements and organ donation instructions. Other answers may be included.
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If the public auction is not successful, the secured creditor (bank) becomes the owner of the property. Bank-owned properties are referred to as ________
Fill in the blank(s) with correct word
John offer $300 for her bicycle, and Megan agrees to sell it to him for that amount. What is the consideration supporting John's promise to pay $500?
A) Megan's promise to give Jim the bicycle B) the actual delivery of the bicycle C) Megan's acceptance of his offer D) Jim's promise to pay Megan $500
If a spouse does not appear before the court after being served, the petitioner:
a. Can be granted a default divorce. b. Can do nothing until the defendant spouse appears. c. Has to have the defendant served again. d. Must stay married.
What is the difference between a deposition on written questions and written interrogatories?
What will be an ideal response?