Which of the following statements about trusts is true?
a. A trust is created by a trustee and appoints a settlor to administer the trust.
b. A Marital Deduction Trust is utilized to disinherit a surviving spouse.
c. The Rule against Perpetuities requires that an interest must vest, if at all, within 21 years (plus the period of gestation) after the life of a person or persons living at the time of the creation of a trust.
d. A court may find a resulting trust for the benefit of a charity.
c. The Rule against Perpetuities requires that an interest must vest, if at all, within 21 years (plus the period of gestation) after the life of a person or persons living at the time of the creation of a trust.
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The more modern view of marriage compares it to:
a. Contract law, requiring a quid pro quo for property division. b. Equity law, basing alimony on the maxims of equity. c. Tort law, providing alimony as a remedy for a wrong. d. Partnership law, requiring a fair division of marital assets.
Before proceeding with Chapter 7 bankruptcy, a debtor must complete which of the following?
A. Credit counseling B. Spending counseling C. Community service D. A jail sentence
In default judgments a monetary amount not readily challengeable or subject to reasonable dispute is called special damages.
Answer the following statement true (T) or false (F)
?Describe the two types of challenges that the attorney for either side might exercise during voir dire(jury selection) to exclude a particular person from the jury.
What will be an ideal response?