A trust created by the grantor (settlor) and effective during the grantor's lifetime-that is, a trust not established by a will-is called a(n) ____ trust.
A. inter vivos
B. testamentary
C. charitable
D. spendthrift
Answer: A
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Publication is the term associated with abuse of process.
Answer the following statement true (T) or false (F)
Lily and John get a divorce. John constantly follows his ex-wife, harasses her, and verbally abuses her. What equitable remedy may Lily seek?
a. An injunction b. Laches c. Specific performance d. None of these choices are correct
What methods do courts use to determine a division of marital assets? Include both community property states and those that follow equitable distribution rules.
What will be an ideal response?
Which of the following is not true about foreclosures?
A. Acceleration clauses violate public policy B. Mortgagors have a right of redemption to recover the property after default C. If the proceeds of the sale of the property in a judicial sale are not sufficient to pay the mortgage debt, the mortgagee may seek to obtain a deficiency judgment against the mortgagor D. The fact that a mortgagor is in default does not always mean the mortgage will be foreclosed