Chen Stevenson died at the age of 85 leaving behind all his property to Phillip Miller, his butler. The news of the new will that Chen executed three months before his death naming Phillip as the sole beneficiary surprised everyone
By his prior will, he had bequeathed his estate to his two daughters and three grandchildren on a per capita basis. The court took up proceedings to determine the validity of his new will because Chen's rejection of his daughters and grandchildren in his will was uncharacteristic of him. The court most likely suspected this change to be a case of ________.
A) constructive trust
B) undue hardship
C) undue influence
D) spendthrift trust
C
You might also like to view...
Which of the following statements is false regarding the reasons for differing accounting systems around the world?
a. Countries that have strong political and economic ties often share similar accounting practices. b. Canada and Mexico, two former British colonies, can trace their accounting roots to those found in the United Kingdom. c. The state of economic development typically mirrors the development stage of accounting rules in countries. d. In some less-developed countries of the world, where the forces of capitalism are less prevalent, accounting standards have developed at a much slower pace than they have in more advanced economies.
AUM draws heavily from ______.
A. uncertainty reduction theory B. expectancy violations theory C. communication accommodation theory D. politeness theory
Did the company purchase any intangible assets during the year?
a. Income statement b. Balance sheet c. Statement of cash flows d. Statement of retained earnings
The National Labor Relations Act (NLRA) forbids firing employees for engaging in protected concerted activities
Indicate whether the statement is true or false