Testamentary capacity Study guides, Class notes & Summaries

NY State Notary Exam Questions and Answers Rated A Notary publics are commissioned by who? The Secretary of State What is the term of commission for a notary public? 4 years Where is a notary public commissioned? In his county of residence What should notaries, who expect to regularly sign docs in counties outside of their residence, do? File a certificate of official character with other county What is not deemed to be NOT equivalent to a will's attestation clause? A notary public executin...

CTFA - Fiduciary & Trust Activities Questions with complete Answers 2023 Constructive Trusts A fraud rectifying trust, imposed by a court to protect those who lose property to a wrongdoer Resulting Trust An intent enforcing trust based upon the presumed intent of a transferor of property Implied Trust An implied trust is an element of trust law, and refers to a trust that has not been "expressly created by the settlor."[1] There are two types of implied trust: Construc...

Contracts - ANSWER Define- An agreement or bargain struck between parties in which each party assumes a legal duty to the other party. Requirements- agreement (offer & acceptance), consideration, contractual capacity, and legality. Wills - ANSWER Requirements- testamentary intent; legal capacity; free of fraud, duress, undue influence, or mistake; and execution (two witnesses + notary = self proving). Trust - ANSWER Requirements- intention, subject matter, object. Power of Attorney - A...

Legal Aspects: Contracts Latest 2023 Already Passed Contract Promise or set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty. An agreement that can be enforced in court. Formed by two or more parties who promise to perform some act. Sources of Contract Law The common law governs all contracts except when it has been modified or replaced by statutory law such as the Uniform Commercial Code (UCC), or by administrativ...

Test Bank and Solution Manuals for Introduction to Federal Income Taxation in Canada, 44th Edition () By Nathalie Johnstone CHAPTER 1 Introduction Solution 1: Identify section of the Act The following summary is discussed in more detail below: Case Topic Part Division Subdivision Provision (A) Person ..................................................... XVII — — subsection 248(1) (B) Donation by individual............................ I E a subsection 118.1(3) (C) Balance-due day......

Abandonment - Answers The failure to occupy and use property that may result in loss of rights Abatement of Nuisance - Answers Extinction or termination of a nuisance Abstract of Judgement - Answers A condensation of the essential provisions of a court judgement Abstract of Title - Answers A summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record wh...

CFRE Latest 2023 with Complete Solutions Capital Campaign A carefully organized, highly structured fundraising program using volunteers supported by staff and consultants to raise funds for specific needs, to be met in a specific time frame, with a specific dollar goal. Allows donors to pledge gifts to be paid over a period of years. Community Foundation A philanthropic foundation that is specifically committed to the support of institutions in it's own community, often receiving bequest from ...

Affiant Notary publics are commissioned by who? - Correct answer-The Secretary of State What is the term of commission for a notary public? - Correct answer-4 years Where is a notary public commissioned? - Correct answer-In his county of residence What should notaries, who expect to regularly sign docs in counties outside of their residence, do? - Correct answer-File a certificate of official character with other county What is not deemed to be NOT equivalent to a will's attestation claus...

Texas Essay Exam 386 Questions with Verified Answers Essay 1 Question 1 (secured) Bank gave loan to Leather store in exchange for security agreement granting Bank "all Leather's inventory now and after-acquired" 5 days later, Jane buys a jacket from the store in a regular retail sale unaware of the financial relationship between Bank and Leather - CORRECT ANSWER Jane has superior claim to the Jacket. (although the Bank had a perfected security interest in the inventory of the sto...

MRL2601 PORTFOLIO MEMO - MAY/JUNE 2022 - SEMESTER 1 QUESTION 1 CONFIDENTIAL Page 7 of 10 1.1 Name the different types of companies provided for in the Companies Act 71 of 2008. (5) 1.2 Describe the procedure for amending the Memorandum of Incorporation of a company. (5) 1.3 Explain whether it is possible to pass a shareholders’ resolution without holding a face-to-face meeting where the decision is one that should be taken at an annual general meeting. Refer to relevant case law in your...