What is meant by dishonor?
What will be an ideal response?
Refusal to pay on an instrument.
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All of the following are advantages of a sprinkling trust except:
a. it allows the trustee the ability to distribute the trust assets to beneficiaries viewed as most needy and deserving. b. it releases the trustor from the obligation of making the allocation decision herself. c. income can be distributed to those beneficiaries in lower tax brackets, saving trust assets from income tax. d. all of the above are advantages
?One element of negligence is that a breach of duty has to be the proximate cause of the injury.
Answer the following statement true (T) or false (F)
Mary and Mona co-own a small bakery. When Mary dies, her interest in the bakery passes to her daughter, Rachel. Mary and Mona must have owned the bakery in
A. community property. B. tenancy in common. C. joint tenancy. D. inheritable tenancy.
Frivolous law suits should be recommended by many lawyers for their clients
Indicate whether the statement is true or false