Alea owns a home. She decides to sell so she can move to Florida and retire in Cypress Lakes. She transfers her title to an elderly painter. Alea is the: grantor grantee devisee legatee
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![Alea owns a home. She decides to sell so she
can move to Florida and retire in Cypress Lakes.
She transfers her title to an elderly painter. Alea
is the:
grantor
grantee
devisee
legatee](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa375c4da-f61c-4f53-b8de-0729a962e87b%2F114e8c26-17b1-4a68-9ead-f66ba62f52aa%2Fz6c8ozo_processed.jpeg&w=3840&q=75)
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- . Bankruptcy and insolvency are interchangeable teams (they mean the same), do you agree? What are the purposes of the Bankruptcy and Insolvency Act R.S.C 1985, c. B-3.?Dimitri lends his brother, Calvin, $1,800. Calvin and Willa agree that Calvin will build a new pool deck for Willa in exchange for Willa paying Dimitri $1,800. Calvin builds the pool deck, but Willa refuses to pay Dimitri any money. Can Dimitri sue for payment? O No, because Dimitri was not a party to the contract. O No. because Dimitri did not build the pool deck. O Yes, because Dimitri is a donee beneficiary. O No, because Dimitri is an incidental beneficiary. Yes, because Dimitri is a creditor beneficiary.Which of the following represents an agency relationship? 1) Horace wants to sell his farm and hires Marcie as his realtor. The two agree that if Marcie finds a buyer for the farm at Horace's price, then Horace will pay Marcie 7% of the price he receives. 2) Bob dies and leaves his assets in a trust for his minor child, Lilly. In the trust, Bob appoints Reggie as the trustee to act for Lilly's benefit. Since Reggie has a fiduciary duty to Lilly as trustee, Reggie is Lilly's agent. 3) Lucy contracts to sell her car to Tony for $5,000. Tony purchases the car only to find it not in the condition that Lucy described it. Tony is claiming that Lucy violated her fiduciary duty to him as his agent under the agreement. 4) Hunt is an attorney of questionable ethics. Roger, one of Hunt's clients, is arrested for DUI, but appears to be too intoxicated to consent to a breath test. Hunt is contacted by…
- Walter White (aka, “Heisenberg”) is a 50-year old chemistry teacher at a local high school in Polk County. He has been diagnosed with lung cancer and is given a year to live. He has a disabled teenage son, Walter Jr., and financial problems. To leave his family in good financial shape upon his impending death, Walter decides to partner up with a local, minor drug dealer, his former student, Jesse Pinkman, to produce and sell crystal methamphetamine. Pinkman agrees to do so and, based upon Walter’s superior knowledge of chemistry, they make a product that is 98% pure and call it “crystal blue,” Thereafter, through Jesse’s contacts, Brandon “Badger” Mayhew and “Skinny Pete,” they begin selling it on the streets of Lakeland and make huge profits. Walter’s wife, Skyler, accidentally learns what Walter is doing and reluctantly agrees to use the checking accounts in the name of her car wash business to deposit funds obtained through the sale of “crystal blue.” Walter’s…Oscar conveys Grouchland to Grover on January 16, 2019. Oscar conveys the same property to Elmo who does not know about Grover and who records his deed on January 18, 2019. Oscar then conveys the property to Bert who doesn't know about Grover or Elmo and who does not record the deed. Oscar then conveys the property to Ernie who knows about Bert and records the deed. Who has title to property if the jurisdiction follows a notice statute? Ernie Elmo Bert GroverDefine real property under the common law. How does real property differ from the personal property? Distinguish between surface rights and subsurface rights. Can vegetation or plants ever become real property?
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- Haseena grants a life estate to John. John owns the estate until he dies. Haseena designated that after John's death, the estate would pass to Hila (a third party). What can Hila be described as? the reversionary interest the remainderman the conditional heir the determinable grantorAaMia resides in a home that she owns in New York. New York has a homesteaad exemption of $170,825, which is higher than the federal homestead exemption. When Mia files for Chapter 7 bankruptcy relief in New York, the federal homestead exemption will apply. True False
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