?The settlor's retention of control over the trust arrangement exposes the settlor to tax liability for the trust income.
Answer the following statement true (T) or false (F)
True
The power to revoke the trust exposes the settlor to this liability.
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A party who performs more than what is required of him under a contract has breached the contract unless it is modified to specify the additional obligations
Indicate whether the statement is true or false
A chattel is:
a. Another form of real property. b. A promissory note. c. Another word for "chatter.". d. Tangible personal property.
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What will be an ideal response?
The owner of parcel A grants to the owner of parcel B an easement to use a driveway located on parcel A. The owner of parcel B sells parcel B to X. The driveway easementÂ
A. terminates. B. is transferred to X if described in the deed. C. is automatically transferred to X. D. none of the above