What are indolents rights in given situation

Assignment Help Business Law and Ethics

Reference no: EM131391059

Collins was trustee for Indolent under the will of Indolent's father. Indolent, a middle-age doctor, gave little concern to the management of the trust fund, contenting himself with receiving the income paid to him by the trustee.

Among the assets of the trust were one hundred shares of ABC Corporation and one hundred shares of XYZ Corporation. About two years before the termination of the trust, Collins purchased the ABC stock from the trust at a fair price and after a full explanation to Indolent. At the same time but without saying anything to Indolent, he purchased the XYZ stock at a price higher than its current market value.

At the termination of the trust, both stocks had advanced in market value well beyond the prices paid by Collins, and Indolent demanded that Collins either account for this advance in the value of both stocks or replace the stocks. What are Indolent's rights?

Reference no: EM131391059

Questions Cloud

Functions of the main organs found in macroinvertebrate : Identify the structures and functions of the main organs found in macroinvertebrate's Explain how the macroinvertebrate's has evolved physiologically to become suited to its environment.

Describe some process that take place in a civil court trial : SEC405- From the e-Activity, describe some of the processes that take place in a civil court trial. Justify the length of time each process takes. How these processes would be different from a computer crime that is being tried in criminal court.

Can linda obtain any judicial relief to prevent barney : Barney borrows money from Linda, assigning his future income under the trust for a stated period. Can Linda obtain any judicial relief to prevent Barney from collecting this income?

Fire department is not nims compliant : Using the topic of "Fire department is not NIMS compliant" complete an executive summary to communicate a problem along with a proposed solution, in which you are the emergency manager the is pitching get idea to a governmental executive. Must con..

What are indolents rights in given situation : At the termination of the trust, both stocks had advanced in market value well beyond the prices paid by Collins, and Indolent demanded that Collins either account for this advance in the value of both stocks or replace the stocks. What are Indole..

Explain what they might mean to others : Are there enough resources in the world for 8-10 billion people to live decent, secure, happy, fulfilling lives? What do those terms mean to you (BE SPECIFIC). Explain what they might mean to others in our global village

What is leukemia : 1. What is Pap smear? How is it used in the early diagnosis of tumors? What is the significance of a Pap smear containing atypical cells? 2. What is leukemia? What are its clinical manifestations?

What are joes ownership rights to particular real property : There is no evidence to prove whether Mary would or would not have conveyed the property to Joe during her lifetime if she had been requested to do so. What are Joe's ownership rights to this particular real property?

Broad range of habitats and lifeforms : Darwin's voyage on the HMS Beagle and experience with a broad range of habitats and lifeforms (extinct and extant) was pivotal to his rejection of Lamarckism and identification of Natural Selection as the primary mechanism of evolution.

User Account

All Pages