An agreement that calls for the commission of a civil wrong is illegal and void
Indicate whether the statement is true or false
True
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Which of the following is one of the requirements for forming an express trust?
A. The settlor need not necessarily attain the age required by state law for the creation of valid wills and contracts. B. The trust cannot be created for a reason that is contrary to public policy. C. The beneficiaries cannot be members of a specific class, such as "my children." D. The settler must name a trustee for the trust and a substitute trustee in the event the named trustee refuses to act.
One test of an effective report is that it influences the reader to act as the writer desires
Indicate whether the statement is true or false
Which of the following is a provision for healthy, but not disabled, employees who lose their jobs under the Consolidated Omnibus Budget Reconciliation Act of 1985?
A) They continue to receive a minimum wage until they are able to find new employment. B) They continue to receive medical, dental, and other benefits at no charge under the company's plan until they are able to find new employment. C) They remain eligible to receive benefits under the company's plan for up to 18 months by paying premiums for the policy plus an administration fee. D) They continue to receive medical, dental, and other benefits for up to 29 months by paying an administration fee.
Which of the following need not appear as part of a voluntary bankruptcy petition?
A) A statement that the petitioner's debts exceed his assets B) A list of unsecured creditors C) A statement of the financial affairs of the petitioner D) A list of secured creditors E) A list of property