Answer the following statements true (T) or false (F)
1. All personal property is anything that can be touched and is movable.
2. Tangible personal property can include stocks and 401ks.
3. It is important to know that a person owned the property and how the property title was held.
4. The following is an example of owned in severalty: Jill inherits a car from her Aunt Rose. Jill now owns the car in severalty.
5. “Own in severalty” means that two or more persons own property concurrently.
1. False
2. False
3. True
4. True
5. False
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The example, “I give the sum of $1,000 to Daily Harvest Food Basket of Denver, Colorado.” is:
a. A demonstrative bequest b. A devise c. A gift d. A intangible bequest
Quit claim deeds are used when the interest of the grantor may be doubt
A. True B. False
Line numbers on any particular page always begin with the number 1
a. true b. false
If the damages a plaintiff suffers are ____________________ damages, he or she will not have to prove actual harm.
Fill in the blank(s) with the appropriate word(s).