Which of the following can be the basis for disallowing a creditor's claim?
a. Estate insolvency
b. Presentation of the claim after the expiration date
c. The claim is incorrect or invalid
d. All of the above
d
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In contract law obligations are based on _______, in contrast to tort, where obligations are imposed by law.?
A. ?mutual agreement of parties B. the UCC? C. ?unspoken intention of parties D. ?detrimental reliance
Answer the following statements true (T) or false (F)
1. The task of being a personal representative is always very difficult and demanding. 2. If in a state of intestate, and no family or friends qualify to become the personal representative, the court may appoint a public administrator. 3. All wills and trusts must provide an alternate or successor personal representative. 4. Excuse from a bond is generally only granted if the testator’s will explicitly expresses that a bond is not required. 5. Most testators excuse the personal representative’s bond.
Changes in residency requirements for divorce:
a. Have caused migratory divorces. b. Recognize that states have an increased vested interest in marriage. c. Have decreased the number of migratory divorces. d. Have resulted in more collusion in proving grounds for divorce.
A derivative action is a lawsuit brought by a director on behalf of the corporation against a third party.
a. true b. false