The advantage of a trust over a will is that a trust?
A. ?can provide greater flexibility over the distribution of property.
B. ?is not liable for taxes.
C. ?is administered by the court.
D. ?is not revocable.
Answer: A
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Which of the following statements is true of liquidated damages?
A. They must be reasonably related to the damages that may be suffered if the contract is not fulfilled. B. They may not be designed to serve as a penalty to deter a party from breaching a contract. C. They are a form of compensatory damages. D. All of these choices are correct.
Reliable paralegals always:
A. Do what they say they will do B. Try to delegate responsibly C. Ask several people the same questions to ensure they understand D. A & B C. All of these
When the Chapter 11 petition is filed, the debtor files a series of pleadings called ________ to obtain court approval to engage in activities that are not allowed under the Bankruptcy Code
A) Second day motions B) First day motions C) Seventh day motions D) New day motions.
___is the exchange of benefits and promises by the parties to the agreement.
a. Forbearance b. Seal c. Consideration d. Capacity