A portion of the regular dues that are set aside for major repairs to, and capital improvements on, the common areas, is the:
a. Emergency fund
b. Rainy day fund
c. Maintenance fund
d. Reserve fund
D
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Which of the following property is exempt from a writ of execution?
a. A debtor's home, up to a certain dollar amount b. A car belonging to the debtor's wife c. Tools used by the debtor in his trade d. A debtor's home, up to a certain dollar amount, and tools used by the debtor in his trade e. All of these choices are correct
?Which of the following is NOT a feature of a revocable living trust?
A. ?On the death of the settlor, the living trust becomes irrevocable. B. ?It can be used as a device for saving estate taxes C. ?It allows the settlor to manage and retain full control over the assets of the trust. D. ?It allows the settlor to name himself/herself as trustee.
Choose a charity that you like and draft a mock charity trust for that charity. You may use any of the charity trust formats discussed in this chapter.
What will be an ideal response?
In every case where a judgment against the insured is entered in excess of the insured's policy limits, the insured will have a claim against his or her insurer for bad faith.
Answer the following statement true (T) or false (F)