2) Joan, a bedridden, lonely 80 year old woman, owned Greenacre (her family estate) outright. Al, her doctor and friend, visited her weekly and was held to the highest regard by Joan. Joan was terrified of pain and suffering and depended on Al to ease her fears. Several months before her death she deeded Greenacre to Al for $5000. The value of the land was well-over $5,000,000. Joan’s two children challenged the validity of the sale of the land to Al. Was it valid?

2) Joan, a bedridden, lonely 80 year old woman, owned Greenacre (her family estate) outright. Al, her doctor and friend, visited her weekly and was held to the highest regard by Joan. Joan was terrified of pain and suffering and depended on Al to ease her fears. Several months before her death she deeded Greenacre to Al for $5000. The value of the land was well-over $5,000,000. Joan’s two children challenged the validity of the sale of the land to Al. Was it valid?

Similar questions

Grace Peterson, a never-married and childless woman, then age seventy-four, asked Chester Gustafson, a Minneapolis attorney, to draw a will for her. Gustafson, who had also probated Peterson’s sister’s estate, drew this first will and six subsequent wills and codicils free of charge because he claimed that she had no money to pay for his services. Over the five-year period during which Gustafson redrew Peterson’s will, an increasing amount of property was devised to Gustafson’s children, until, finally, the seventh will so devised Peterson’s entire estate. Peterson, however, hardly knew the children except from several chance encounters ten years before. She died without ever having changed the seventh will, and Gustafson, who was named as executor, now seeks to have the will admitted to probate. Discuss whether the seventh will should be probated.
Daryl agreed to build a new house for Riley at a cost of $325,000. Riley is very particular when it comes to what she wants. Daryl constructed the house to Riley's specifications with one exception: the faucets and flooring in the upstairs bathroom were not exactly what Riley specified. This was a mistake on Daryl's part, but he did not intentionally fail to follow the specifications. When Riley saw the bathroom, she was extremely angry and began yelling and Daryl. She told him that she would not pay Daryl anything for the house. It would take $500 to put in the correct faucets and flooring Riley originally requested. Daryl responded that he was willing to pay $500 to put Riley in the position she would have been in had the correct faucets and flooring been used, but that is all he is willing to pay. Which statement is true regarding the breach, if any, that occurred between Daryl and Riley? Group of answer choices Daryl committed an anticipatory breach of the contract. Daryl…
og for J and K are married and have severall children. 3 is the primary benedory on Ke Mestiental Death and Deasement (AD) pelley and shing, the contingent beneficiary K, and I are involved in a train accident, and Kandare ed instantly. The dental death benes will se pot OA L's estate OB. K's estate OC OD and K's edu Jarily
Daryl agreed to build a new house for Riley at a cost of $325,000. Riley is very particular when it comes to what she wants. Daryl constructed the house to Riley's specifications with one exception: the faucets and flooring in the upstairs bathroom were not exactly what Riley specified. This was a mistake on Daryl's part, but he did not intentionally fail to follow the specifications. When Riley saw the bathroom, she was extremely angry and began yelling and Daryl. She told him that she would not pay Daryl anything for the house. It would take $500 to put in the correct faucets and flooring Riley originally requested. Daryl responded that he was willing to pay $500 to put Riley in the position she would have been in had the correct faucets and flooring been used, but that is all he is willing to pay. Regarding the appropriate amount of damages, if any, which of the following statements is true regarding the effect Daryl's failure to meet his obligations under the building contract? O…
1) What elements of the employee dishonesty exposure make it difficult to estimate the size of the loss that can occur? In what way does the fidelity exposure differ from other property exposures?
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…
Subject: Business Law and Regulations Topic: Nonstock Corporation 3. During the Annual Members meeting of Kampante Corporation, Jose a member nominated Atty. Joshua the retainer lawyer of the corporation citing as ground that due to the good legal representations of the latter for the corporation wants him to serve in the board as a trustee. Mr Kent objected on the ground that Atty. Joshua is not qualified not being a member thereat. a. Is the nomination by Joe of Atty. Joshua valid? b. Is the objection of Mr. Kent based on the ground cited meritorious?
13-2. Undue Influence. Juan is an elderly man who lives with his nephew, Samuel. Juan is totally dependent on Samuel's support. Samuel tells Juan that unless he transfers a tract of land he owns to Samuel for a price 35 percent below its market value, Samuel will no longer support and take care of him. Juan enters into the contract. Discuss fully whether Juan can set aside this contract. (See Voluntary
Joey and Monica were food and nutrition majors at State University, as well as close friendsand roommates. Upon graduation, Joey and Monica decided to open a French restaurant inTulsa, the small town were the University was located. There were no other Frenchrestaurants in Tulsa, and the possibility of two friends. They purchased an old Victorian homejust off Main Street for their new restaurant, which they named “Central Perk”.Joey and Monica knew in advance that at least initially they could not offer a full, varied menuof dishes. They had no idea what their local customers’ tastes in French cuisine would be, sothey decided to serve only two full-course meals each night, one vegetarian and the other nonvegetarian. Their chef, Tom, was confident he could make each dish so exciting and uniquethat two meals would be sufficient, at least until they could assess which menu items weremost popular. Tom indicated that with each meal he could experiment with differentappetizers, soups,…
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 grantor
Joseph is the sole trustee of a trust fund of $1,000,000. By the terms of the trust, he is under a duty to invest the money ‘as if he were absolutely entitled to the assets of the trust’. Ronald, an investment broker, approaches him, who offers to pay him $100,000 ‘no questions asked’ if he invests the trust fund with him. Joseph agrees, and is paid the $100,000. Ronald invests the $1,000,000 on the stock market, eventually losing $700,000. Joseph is now insolvent with only $300,000 remaining, and Ronald has fled the country. Advise the beneficiaries of the trust.
Denise and Evelyn agree to run a laundry business and share the profit. However, Evelyn also sells cakes on their business premises. Advise Denise as to whether she is entitled to a share of profit in the cake business.