Early case assessment reduces discovery costs.
Answer the following statement true (T) or false (F)
True
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?The power to disaffirm due to mental illness or defect is:
A. ?absolute B. ?not absolute where the other party was without knowledge of the mental illness or defect at the time of contract C. ?not absolute where the other party was without knowledge of the mental illness or defect at the time of contract and the terms of the contract were fair D. ?not absolute where the other party was without knowledge of the mental illness or defect at the time of contracting and the terms of the contract were fair at the time of the attempted disaffirmance
Title that a prudent purchaser with full knowledge of all the facts would accept is known as insurable title.
Answer the following statement true (T) or false (F)
A secure database set up and accessible by a specific group is a/an ________
Fill in the blank(s) with correct word
All of the following are true of “charitable remainder annuity trusts” except:
a. the trust principal is spent during the trustor's lifetime; the remainder goes to planned giving organizations. b. a fixed amount of income totaling not less than five percent of the net fair market value of the trust property is given to the beneficiary. c. the fixed amount is designated when the trust is created and cannot be changed, regardless of the needs of beneficiaries. d. if the income should become insufficient to pay the beneficiaries, the difference will be paid from he principal.