How is a proposal letter different from a separation agreement?
What will be an ideal response?
The proposal letter is the “wish list,” and the separation is the final agreement, representing a compromise between the parties.
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?Which is NOT a requirement for an express public trust to be valid?
A. The settlor must intend to create a public trust.? B. ?It must benefit the general public or an indefinite class of persons. C. ?It must limit the distribution of its fund to named individuals. D. ?A charitable purpose must be expressly designated. E. ?A trustee must be named to administer the trust.
A Declination letter prepared by an insurance company means:
a. The insurance company will defend the insured in the lawsuit but may not pay all claims alleged in the complaint. b. The insurance company will both defend all claims and pay all claims alleged in the complaint. c. The insurance company will neither defend nor pay the claims alleged in the complaint, d. None of the above.
The parties may include in their contract which of the following??
A. ?a clause mandating choice of method of dispute resolution B. ?a clause mandating choice of forum C. ?a clause mandating choice of law D. ?clauses mandating all three
Who has authority to create the Federal Rules of Bankruptcy Procedure and the Official Forms?
What will be an ideal response?