Distribution of estates Study guides, Class notes & Summaries
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![INSOLVENCY LAW_ MRL3701 SUMMARY NOTES WITH QUESTIONS](/docpics/621c763c635f7_1592834.jpg)
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INSOLVENCY LAW_ MRL3701 SUMMARY NOTES WITH QUESTIONS
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INSOLVENCY LAW_ 
MRL3701 SUMMARY 
NOTES WITH 
QUESTIONS. Study unit 1: Introduction to Insolvency Law 
Case Law: 
NB: Magnum Financial Holdings (Pty) Ltd (in Liquidation) v Summerly and another 
NNO 1984 (1) SA 160 (W) 
Meaning of “insolvency” 
Common meaning – a person is insolvent when he is unable to pay his debts, however, 
The legal test for insolvency is whether the debtor's liabilities, fairly estimated, exceed his 
assets, fairly valued. The inability to pay debts Is merely eviden...
![H&R Block Income Tax Course Complete Questions with 100% Correct Answers](/docpics/5114032/662b924385a2e_5114032_121_171.jpeg)
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H&R Block Income Tax Course Complete Questions with 100% Correct Answers
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H&R Block Income Tax Course Complete Questions with 100% Correct Answers 
 
Circular 230 
Regulations governing the practice of attorneys, certified public accountants, enrolled agents, enrolled actuaries, and appraisers before the IRS. 
Disclosure 
The release of tax information by an IRS employee. 
Due Diligence 
Requirements that tax professionals must follow when preparing income tax returns. 
Noncompliance 
Failure or refusal to comply with the tax code. 
Privilege 
Protection from being re...
![PSI Oklahoma Real Estate Practice Test | 80 Questions with 100% Correct Answers | Verified | Latest Update 2024](/docpics/4322520/65b183c4328dd_4322520_121_171.jpeg)
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PSI Oklahoma Real Estate Practice Test | 80 Questions with 100% Correct Answers | Verified | Latest Update 2024
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MOST closed real estate transactions should be reported to the IRS. REQUIRED information includes 
seller name(s) and social security number(s) and - the sale price 
An owner hired a construction company to build a swimming pool at a new home. The owner failed to 
pay the bill once the work was completed and the construction company filed a lien to obtain payment 
of the debt. The encumbrance created is called - a mechanic's lien. 
Legal descriptions using the government survey system are NOT g...
![PSI PA Real Estate Practice Exam Accurate 100%](/docpics/5263636/663f0e9d5aafb_5263636_121_171.jpeg)
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PSI PA Real Estate Practice Exam Accurate 100%
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The economic characteristics of land are - ANSWER scarcity, location, and durability 
 
A major difference between freehold and nonfreehold estates is that all freehold estates - ANSWER are of indeterminable duration 
 
An easement can be terminated by - ANSWER merger of titles 
 
The land description T3N, R4W Principal Meridian refers to what method of property description? - ANSWER Rectangular survey 
 
Tenants are still in their rental property even though their lease has expired. The landlor...
![IICRC - Commercial Drying Specialist Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+](/docpics/4861517/6605b2fcdd006_4861517_121_171.jpeg)
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IICRC - Commercial Drying Specialist Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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IICRC - Commercial Drying Specialist 
Exam | Questions & 100% Correct Answers 
(Verified) | Latest Update | Grade A+ 
The principles of restoration as described by the S500 on a restoration project are... 
Correct Answer: 1) Provide for the safety & Health of Workers and Occupants 2) Inspect and 
Document the Project (initial / ongoing inspection / final inspection) 3) Mitigate further Damage 
(control the spread of contaminants, control the spread of water) 4) Clean & Dry Affected Areas 
5...
![PSI PA Real Estate Practice Exam| 325 Questions| With Complete Solutions](/docpics/3408721/64fce76483817_3408721_121_171.jpeg)
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PSI PA Real Estate Practice Exam| 325 Questions| With Complete Solutions
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The economic characteristics of land are correct answer: scarcity, location, and durability 
 
A major difference between freehold and nonfreehold estates is that all freehold estates correct answer: are of indeterminable duration 
 
An easement can be terminated by correct answer: merger of titles 
 
The land description T3N, R4W Principal Meridian refers to what method of property description? correct answer: Rectangular survey 
 
Tenants are still in their rental property even though thei...
![Deceased Estates Eleventh edition B de Clercq MC Schoeman-Malan P de W van der Spuy](/docpics/6210b0dfc7ed0_1574002.jpg)
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Deceased Estates Eleventh edition B de Clercq MC Schoeman-Malan P de W van der Spuy
- Exam (elaborations) • 437 pages • 2022
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Members of the LexisNexis Group worldwide 
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![Test Bank For American History Connecting with the Past 15 Th Edition By Alan Brinkley](/docpics/3517625/6515640c66ed0_3517625_121_171.jpeg)
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Test Bank For American History Connecting with the Past 15 Th Edition By Alan Brinkley
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Chapter 3 
Society and Culture in Provincial America 
Multiple-Choice Questions 
1. Most seventeenth-century English migrants to the North American colonies were 
A. aristocrats. 
B. religiousdissenters. 
C. laborers. 
D. commercial agents. 
E. landowners. 
Answer: C Page: 66 
Topic: Population Patterns and Family Life 
2. In the seventeenth century, the great majority of English immigrants who came to the Chesapeake region were 
A. slaves. 
B. women. 
C. convicts. 
D. indentured servants. 
E. r...
![Tax Exam 1 With Complete Solutions 2024](/docpics/4454082/65c5387913e71_4454082_121_171.jpeg)
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Tax Exam 1 With Complete Solutions 2024
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Tax Exam 1 With Complete Solutions 2024what decisions to businesses consider in regards to taxes - correct answer-organizational form, location, acquisition structures, employee compensation, capital structure, rent or ownership of property and equipment, distribution of profits 
 
why do politicians care about taxes - correct answer-distinguishing feature, voters must have basic knowledge 
 
why do individuals care about taxes - correct answer-tax deductions for home owning, retirement planning...
![EA Exam Part 1 2023 with 100% correct answers](/docpics/3551375/651c4d532cad6_3551375_121_171.jpeg)
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EA Exam Part 1 2023 with 100% correct answers
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On which Schedule would a self-employed farmer report their income and loss? - correct answer -Schedule F 
 
What types of income are reported on Schedule E (Form 1040)? - correct answer -Income from rental real estate, royalties, partnerships, S corps, trusts, and estates. 
 
What are some situations that make discharged debt non-taxable? - correct answer -(1) bankruptcy (2) insolvency (3) amounts cancelled as a gift or bequest (4) certain student loan cancellations (5) qualified principal resi...
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