Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Eric and June are partners in their law firm. A new client, Fred, meets with Eric to discuss drafting Fred's will and creating a trust for Fred's multi-million dollar cattle farm. Fred wants to keep control over the farm during his life but wants his oldest son, John, to take over as the trustee when Fred dies. He wants his children to have the farm when he dies and to avoid having the farm pass through probate upon his death. Eric drafts the will and sets up an irrevocable living trust naming himself as the trustee. Further, Eric sets up bank accounts to embezzle money from the trust. Fred incurs significant losses due to Eric's conduct. Answer/discuss the following questions.
-What are the basic/general requirements for a valid will?
-What type of trust should Eric have created to meet Fred's needs? Briefly describe why.
-While Eric will be liable for his criminal conduct, are June and the law firm (as a partnership) also be liable for Eric's conduct? Why or why not? HINT: Consider the relationship of the partners in a partnership and their rights and duties to each other.
In what ways is preferred stock similar to long-term debt? In what ways is it similar to common stock? Discuss the similarities and differences between preferred stock and common stock & bonds.
As a loan officer, you offer the customer the loan if they agree to pay $19,500 in interest, plus agree to pay the $230,000 back at the end of one year. What is the APR? As an alternative you offer them a one-year, $230,000 discount loan at 9 percent..
Simms Enterprises is attempting to evaluate the possibility of investing $85,000 in a machine having a 5-year life. What is the firm’s wacc? b. What is the project’s payback? c. What is the project’s discounted payback? d. What is the projects net pr..
Sun Lee’s is considering two mutually exclusive projects that have been assigned the same discount rate of 10.5 percent. Project A has an initial cost of $54,500, and should produce cash inflows of $16,400, $28,900, and $31,700 for Years 1 to 3, resp..
Stock A has a beta of .2, and investors expect it to return 4%. Stock B has a beta of 1.8, and investors expect it to return 8%. Use the CAPM to find the expected rate of return and the market risk premium on the market. Expected rate of return, Mark..
Calvin Jacobs is a widower who recently retired after a long career with a major Midwestern manufacturer. Beginning as a skilled craftsman, he worked his way up to the level of shop supervisor over a period of more than 10 years with the firm. Assume..
How could Blades use accounts receivable financing or factoring, considering that it does not currently have accounts receivable in Thailand? If Blades uses a Thai bank to obtain this financing, how do you think the fact that Blades does not have rec..
Assume the Black-Schools framework. Let S be a stock such that S(0) = 21, the dividend rate is δ = 0.02, the risk free rate is r = 0.05, and the volatility is σ = 0.2. (a) Calculate the expected payoff of a 6 month call with strike price 17. (b) Calc..
Consider a four-year project with the following information: initial fixed asset investment = $484680; straight-line depreciation to zero over the four-year life; zero salvage value; price = $33; variable costs = $23; fixed costs = $181848; quantity ..
$100,000, 182-day Province of New Brunswick Treasury bill was issued 66 days ago. - What will it sell at today to yield the purchaser 4.48%?
A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
A large induced-draft fan is needed for and upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8760 hours per year. The motor's efficiency is 92%. Because the motor is fair..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd