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 Grover
Q: A deed was properly completed and executed. Title to the property was passed when the deed was…
A: A property deed is a legal document through which the seller transfers ownership or passes the title…
Q: Anderson and Tallstrom are partners in Rancho Murieta Investors (RMI). Anderson owns 80 percent of…
A: Charging order implies the right to the unpaid personal creditor where the partner in certain…
Q: Grinnell Corporation manufactured plumbing supplies and fire sprinkler systems. It also owned 76…
A: Please find the answer below.MONOPOLIZATION :- Monopolization is the exclusive control of a market…
Q: Ay-Bee-Cee-Dee Corp. has filed a Subchapter S election under the Internal Revenue Code for taxation…
A: The question revolves around a scenario where Carter, a shareholder in Ay-Bee-Cee-Dee Corp. (an S…
Q: After the untimely death of his partner Anthony Autumn, Scott Schroder continued his San Francisco…
A: Agency business is a type of commercial activity in which one entity, referred to as the agent,…
Q: Rebecca, age 53, died suddenly of a heart attack. She leaves behind her husband Chris and her three…
A: Rebecca, aged 53, passed away suddenly without leaving a will. She is survived by her husband,…
Q: What is the significance of Hamer v. Sidway?
A: Hamer v. Sidway is a classic decision in contract law that established the notion that a promise…
Q: S sold his house to B with a right of repurchase. Has B the obligation to respect the lease after…
A: Right of repurchase/redemption: A contractual right that allows a seller to repurchase or redeem the…
Q: Samuel Finley has two children, a daughter Lee and a son Keaton. Samuel has a lovely beach house in…
A: Property will: A legal declaration for transferring the property is known as property will. There…
Q: Sipho, Nandi and Brian are shareholders in a private company, Sideline (Pty) Ltd. Sipho holds 10…
A: Note: Hi! If you have any questions or if you need additional insights, please feel free to comment…
Q: Baron contracted in writing to purchase a piece of land from Weil for $35,000. Before the sale was…
A: The answer to the question of whether Weil’s executor must go through with the sale depends on the…
Q: To whom should the New York court give ownership of the house and why?
A: Property law is a part of law that oversees the different factors of property ownership, rights, and…
Q: Chad Parker owned an acre of property and a mobile home on that property. He sold the mobile home to…
A: In the given scenario, Chad Parker sold a mobile home and the accompanying property to David and…
Q: Irene and Joy were co-owners of a parcel of land. On September 26, 2020, Irene discovered that Joy…
A: Contract is a legally binding agreement which can be entered between two parties in an arms length…
Q: Shelly and Nadine bought a store building and took title as joint tenants. Nadine died testate.…
A: Real estate includes the property as well as any permanent enhancements attached to it, whether…
Q: Leslie Bergh and his two brothers Milton and raymond, formed a partnership to help build a fancy…
A: In a partnership, all partners are jointly and severally liable for the actions of any one partner.…
Q: Brooklyn went into default on her home loan. Her lender decided to foreclose on the property. To do…
A: The objective of the question is to understand the type of state Brooklyn lives in based on the…
Q: Rose, Lily, and Fawn were shareholders in Style Co., an incorporated company with limited liability.…
A: Company refers to the voluntary association of group of persons who have come together to carry a…
Q: Hutchins and O’Neil, as general partners in the Haddon View Investment Co., became limited partners…
A: Yes, the accountants were correct.This is due to the fact that limited partners have a limited…
Q: In Suzanne’s will, she left her home and five acres to her niece, Abrhianna. However, before her…
A: When an individual owns the land or any property in fee simple, then he has complete authority over…
Q: Statement I: A special power of attorney is an instrument in writing by which one person appoints…
A: The concept of agency refers to assigning another to act on your behalf for a stated purpose. It is…
Q: Certain obligations exist with Life Estates in Effect: a) Owner does not possess the property, has…
A: The question revolves around the concept of life estates, a legal arrangement where an individual…
Q: A, B, C, and D are co-owners of a parcel of land sold to E with a right of repurchase. May E require…
A: The land parcel is real estate which is an immovable and tangible property. In the given case the…
Q: 1.An entity shall offset an asset relating to one plan against a liability relating to another plan…
A: An entity shall offset an asset relating to one plan against a liability relating to another plan…
Q: Quincy forms a manufacturing corporation, the Fabri-Q Co. (Fabri-Q). He is the sole shareholder. He…
A: In a legal context, personal liability refers to an individual's legal duty and obligation to face…
Q: William purchased a 10-year renewable and convertible term insurance policy with an effective date…
A: ANSWER: OPTION (A) IS THE CORRECT ANSWER.
Q: Mario files for bankruptcy. He owns one car worth $2,000.00. He will O not have to list it as an…
A: Bankruptcy is a legal process that provides individuals or businesses relief from overwhelming…
Q: Explain the circumstances under which you feel a consumer bankruptcy is appropriate, and when the…
A: Consumer bankruptcy - Bankruptcy is a legal proceeding that is initiated when an individual or…
Q: Leonard Wolfe was killed in an automobile accident while driving his Toyota Camry. The car was…
A: Summary of the Case- Mr. LW was killed in a car accident. In-car accident, the car is destructed in…
Q: Were the LLC interests securities?
A: The determination of whether LLC interests are considered securities depends on various legal…
Q: Finn does not execute a will before he dies, with no surviving spouse or child. His survivors…
A: The property will transfer to the grandson.
Q: In 2022, Rebecca formed Black Corporation, a C-Corporation. Rebecca transferred real estate with an…
A: Fair Market Value denotes the monetary value at which property would change hands between a willing…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- "Lillian Pritchard was a director of Pritchard & Baird Corporation, a business founded by her husband. After the death of her husband, her sons took control of the corporation. For two years, they looted the assets of the corporation through theft and improper payments. The corporation’s financial statements revealed the improper payments to the sons, but Mrs. Pritchard did not read the financial statements. She did not know what her sons were doing to the corporation or that what they were doing was unlawful. When Mrs. Pritchard was sued for failing to protect the assets of the corporation, she argued that she was a figurehead director, a simple housewife who served as a director as an accommodation to her husband and sons. Was Mrs. Pritchard held liable?"describing a Limited Liability Company (LLC) business that would created. Indicate a specific provisions that would be include in the LLC's Articles of Organization.Sam and Eleanor Gaito purchased a home from Howard Frank Auman, Jr., in the spring of 2011. Auman had completed the construction of the house in November 2006. In the interim, three different parties had lived in the house for brief periods, but Auman had retained ownership. The last tenants, the Ashleys, experienced difficulties with the home’s air conditioning system. Repairs were attempted, but no effort was made to change the capacity of the air conditioning unit. When the Gaitos moved into the house in June 2011, they too had problems with the air conditioning. The system created only a ten-degree difference between the outside and inside temperatures. The Gaitos complained to Auman on a number of occasions, but extensive repairs failed to correct the cooling problem. In May 2014, the Gaitos brought an action against Auman, alleging that the purchase price of the home included central air conditioning and that Auman had breached the implied warranty of habitability. At trial, an…
- Jensen purchased a six-room house for himself and his daughter. Jensen wishes to have a deed that states that, in case of the death of either of them, the other is to own the house. What form of ownership should Jensen choose?Olav starts Power Cells to make and sell batteries. Later, Olav contracts with Quinn to invest additional capital in the firm in exchange for 25 percent of the profits. Olav and Quinn are not partners in Power Cells becauseFor a decedent who has left a last will and testament, which of the following correctly state issues that may have to be proved in the probate proceeding? Whether the will was validly executed Whether the will disposes of all probate property Whether the decedent's gross estate exceeds the applicable exclusion amount Whether any trusts described in the will are entitled to the marital or charitable deduction
- Alex, Bart and Charlie are co-owners of a small urban land, they having inherited the same from their wealthy aunt. Dante owns the adjoining land. Charlie donated a portion of the land that he co-owns with Alex and Bart to Excel, and Bart sold his portion to Ferleine. a. Has Dante the right of redemption with respect to the portion of Bart? Explain.Ay-Bee-Cee-Dee Corp. has filed a Subchapter S election under the Internal Revenue Code for taxation purposes. As you know, S corporations are allowed only a limited number of shareholders and, regardless of the number, certain types of entities, including other corporations, cannot be shareholders in S corporations. Carter wants to transfer his shares of Ay-Bee-Cee-Dee Corp. to CarCor, Inc., a corporation that he and his brothers own. If Able, Baker, and Dennis want to preserve their Subchapter S election and, thus, block the transfer of Carter's shares to CarCor (without being stuck having to purchase Carter's shares themselves), which of the following transfer restrictions would best allow them to accomplish their goal?Under our NCC, an heir may institute an action for rescission of a rescissible contract in his capacity as a representative or successor-in-interest of a person who suffers from lesion or of the creditor who is defrauded. Suppose, however, that it can be established that the decedent, during his lifetime, entered into a contract with another in order to defraud him of his legitime, can he institute an action for the rescission of such contract after the death of the decedent?
- Skip and Jack are the shareholders of the Blue Fish Event Corporation. Skip and Jack regularly put on classy events on or near the beach, so they have a special insurance policy to protect their assets. Business has been slow as fewer large beach weddings are taking place, so Skip and Jack use a large fan to blow down and damage most of their décor assets, some of which were personal assets of Skip and Jack, to collect the insurance benefits. (a) Assuming their acts are proven, will a court allow Skip and Jack to recover the insurance money? (b) Is this a situation where the corporate veil may be pierced? Why or why not? (c) What would it mean for Skip and Jack if the corporate veil is pierced in this situation?Willams and Nick are childhood friends. Nick had lost his right hand in an accident in childhood. They meet after a long time in a restaurant. On being asked, Nick tells Willams that he feels very discontented in managing his family business after the death of his father as it doesn't match his areas of interest. Willams knows that Nick possesses extraordinary skills in management although he hasn't acquired any professional degree in management. Therefore, he asks Nick to wind up his business in India and join him in his hotel business in Dubai as an Assistant Manager in the Sales and Marketing Division. In the context of the above case: 1. Can Nick be deployed to the post of Assistant Manager in the Sales and Marketing Division though he hasn't acquired any professional degree in management? Explain by giving suitable justifications in support of your answer. 2. List any two values that are reflected in this act of Willams.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.