The person making a will is called the
a. testator/testatrix.
b. administratrix.
c. executor.
d. intestate.
A
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Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $60,000 and $40,000, respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000 . What is Benson's capital balance after admitting Ramsey?
a. $20,000 b. $24,000 c. $48,800 d. $71,200
Your thought-speed is slower than your speech-speed
Indicate whether this statement is true or false.
If a person employs an architect to design the layout of his or her own home, it would constitute a(n) ________ relationship
A) employer-employee B) principal-independent contractor C) principal-agent D) agent-independent contractor
A partner always has both the right and the power to dissolve a partnership
Indicate whether the statement is true or false