Question

Question 12 of 15 1 Points John under a life estate allows his Uncle Zio to use the property. Which is TRUE? A. Upon the deat
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Solution:

Answer- A. Upon the death of uncle Zio, the property will be transferred back to john.

Explanation- Life estate is property owns only through the duration of his lifetime. After death of the life tenant the property will back to the actual owner.

Add a comment
Know the answer?
Add Answer to:
Question 12 of 15 1 Points John under a life estate allows his Uncle Zio to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 7. Using trusts to transfer assets from an estate Trusts facilitate the transfer of property (and...

    7. Using trusts to transfer assets from an estate Trusts facilitate the transfer of property (and the income from that property) from an estate to another party A trust is a legal relationship created when one party, the Aa Aa E transfers property to a second party, the (which may be an organization or an individual), for the benefit of one or more third parties, the The property placed in the trust is called the or res (the Latin word...

  • John Barton is both excited and amazed. Excited because on graduating from college one year ago...

    John Barton is both excited and amazed. Excited because on graduating from college one year ago at age 22, he landed a good job with a commercial leasing firm and he is enjoying the work. His company has good benefits and has just given him a raise so that in his next (2nd) year of employment he will be earning $55,000 per year. He is amazed because even with this raise he feels that money is just as scarce as...

  • Fraud at Berry, CPA’s BERRY, CERTIFIED PUBLIC ACCOUNTANTS Brief History of the Firm In 1999, John...

    Fraud at Berry, CPA’s BERRY, CERTIFIED PUBLIC ACCOUNTANTS Brief History of the Firm In 1999, John Berry graduated from college with an accounting degree. After 10 years at an international accounting firm, John decided to start his firm, Berry, CPA’s. The firm, located in Oakwood, caters to local clients; specifically, John and his staff of four professionals specialize in non-public companies. The majority of the services provided by Berry, CPA’s are tax planning and preparation; however, the firm also performs...

  • Business Law: Text and Cases 14th Edition Please answer Number 3 I already have questions 1...

    Business Law: Text and Cases 14th Edition Please answer Number 3 I already have questions 1 and 2 answered. 1)   Assume you are the attorney for the Landlord. List the legal grounds under which you would sue the Tenants and list the arguments you would use to persuade the Judge to rule in your favor. Also list the defenses you would raise to the counterclaim brought by Tenants. Support your answers with legal reasoning and conclusions. The lease was for...

  • David’s Story “Life is difficult.” I once read these three trivial words in a book, but...

    David’s Story “Life is difficult.” I once read these three trivial words in a book, but never knew how true to life and impactful they would be until one fateful fall evening. Before I begin, let me back up and tell you more about who I am and how I got here. I am a Caucasian male raised in a small conservative town in Maine by hard-working middle-class parents. My compassionate mother juggled raising three rambunctious children, me being the...

  • Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first...

    Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...

  • Question: What does Hobbes suggest is the reason we have government at all? How does Locke’s...

    Question: What does Hobbes suggest is the reason we have government at all? How does Locke’s view of the need for government differ? Using these sources: From Thomas Hobbes, Leviathan book 1, chapter 13 So that in the nature of man, we find three principal causes of quarrel. First, competition; secondly, diffidence; thirdly, glory. The first maketh men invade for gain; the second, for safety; and the third, for reputation. The first use violence, to make themselves masters of other...

  • In your judgement, and given only the facts described in this case, should the management of...

    In your judgement, and given only the facts described in this case, should the management of Massey energy Company be held morally responsible for the deaths of the 29 miners? Explain in detail. Suppose that nothing more is learned about the explosion other than what is described in this case. Do you think Don Blankership should be held morally responsible for the deaths of the 29 miners? Explain in detail. Given only the facts described in this case, should the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT