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Question
An express trust is created or declared in explicit terms.Answer
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Related questions
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Benny dies without a will, with no surviving spouse or child. Benny's survivors inÂclude his granddaughter Callie, his nephew Doug, and his cousin Earl. In most states, his estate would pass to
a. Callie.
b. Doug.
c. Earl.
d. the state.
Q:
In his will, Vigor makes a gift of $10,000 to Wylie. This is
a. a general bequest.
b. an abatement.
c. a residuary.
d. a specific devise.
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Clayton dies without a will. The distribution of Clayton's property, including his farm near Lincoln, Nebraska, is prescribed by
a. a court-appointed executor.
b. federal probate statutes.
c. state intestacy laws.
d. the degree of consanguinity between Clayton and his next of kin.
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Speedy Shipping Corporation applies to TransInsurance Company for a fire insurance polÂicy on Speedy's warehouse. On the application, Speedy misrepresents the age of the property to obtain a lower premium. When a fire soon destroys the wareÂhouse, TransInsurance can
a. deny payment, because a fire destroyed Speedy's warehouse.
b. deny payment, because of Speedy's fraud in the application.
c. not deny payment, because a fire destroyed Speedy's warehouse.
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Ginny obtains a health-insurance policy for her family from Hope Insurance Company. The policy includes an incontestability clause. Under such a clause, after a policy has been in force for a specified period or time, such as two or three years
a. Ginny cannot contest Hope's insurable interest.
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c. Hope cannot contest Ginny's eligibility for continued coverage.
d. Hope cannot contest Ginny's statements in the application.
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EZ Rentals Company wants to insure the equipment that it rents to the public. To obtain insurance, EZ must have an insurable interÂest in the equipment
a. at any time.
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To "publish" a will means to record it in the appropriate county office.
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The word "Mom" can qualify as a signature on a will.
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Undue influence can occur when a named beneficiary is in a position to influence the making of a will.
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To execute a valid will, a testator must remember the "natural objects of his or her bounty."
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If a life insurance applicant pays a premium but dies before the physical exam, there is obviously no coverage.
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A loss sustained between the time of application and the delivery of an insurance policy may not be covered.
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A party must own property to have an insurable interest in it.
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Now Shopping Mall Corporation leases space to Only U Stores and Pik-Ur-Choice, Inc. Later, Pik-Ur-Choice begins to sell items that are similar to Only U's goods, and Only U abandons its space before the end of the lease term. Only U is liable to
a. not Now or its other tenants.
b. Now and its other tenants, except Pik-Ur-Choice, for any effect on their business.
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Oak Grove Residences, Inc., owns apartment buildings. Pedro leases one of Oak Grove's apartments. Pedro's transfer of his interest in the lease to Quito for a period shorter than the lease term is
a. an assignment.
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Kasper, the owner of Lakeview Farm, and Milt, the tenant of the farmhouse on the property, may create a tenancy for years by
a. deed.
b. express contract.
c. implication.
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a. a fee simple absolute.
b. a leasehold estate.
c. a life estate.
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Consumer Shops, Inc., signs a lease for a storefront owned by Downtown Building Company. Unlike a purchaser of real property, Consumer Shops
a. acquires only temporary possession of the premises.
b. enjoys exclusive possession of the premises.
c. holds only temporary title to the premises.
d. retains temporary, exclusive possession and title to the premises.
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Mineral Products Corporation, which owns no land, has a right to mine the copper from Natural Resource Company's land. Mineral's right is
a. a leasehold estate.
b. a license.
c. an easement.
d. a profit.
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Mix-It Concrete Company has the right to enter Nim's land and remove the rock from Nim's quarry. This is
a. a fee simple absolute.
b. a license.
c. an easement.
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Cody believes that Delta Corporation has disÂcriminated against him on the basis of gender. Cody files a suit against Delta under Title VII. To esÂtablish a prima facie case of employment discrimiÂnation, Cody must show that
a. Cody is a member of a protected class.
b. Delta has no legal defenses against the claim.
c. discriminatory intent motivated Delta's act.
d. other firms in Delta's industry have committed discriminatory acts.
Q:
At least one court has held that an affirmative action program violated the U.S. Constitution.
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Under current law, an employer cannot adopt an affirmative action plan.
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Compensatory damages are only available for victims of inÂtentional employment disÂcrimination.
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An employer can be liable for an employee's sexual harassment of a member of the same gender.
Q:
A victim of alleged discrimination must bring a suit against an employer before filing a claim with the Equal Employment Opportunity Commission.
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To bring an action against an employer based on intentional disÂcriminaÂtion, a person must show that he or she is a memÂber of a protected class.
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An employer with fewer than fifteen employees is automatically shielded from federal employment discrimination laws.
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A closed shop is a firm that rejects union membership as a condition of employment.
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Only state law governs drug tests of private-sector employees.