Your arguments be for enforcement of agreement

Assignment Help Financial Management

Reference no: EM132064001

Jim and Mary are about to be married. Mary is a wealthy actress. Jim is a struggling artist. Both agree that it would be a good idea to have a premarital agreement. Mary gives Jim the agreement and suggests that Jim make an appointment to visit her tax preparer, whom Mary will instruct to give Jim a complete understanding of her assets. Laughing Jim replies, "Not necessary. I'm insulted at the suggestion, my love." A year after the marriage, the parties divorce. Mary seeks to enforce the premarital agreement, which provides that Jim waives spousal support and is not entitled to any of Mary's property in the event of divorce. Jim argues that the agreement is unenforceable. If you were the attorney representing Mary what would your arguments be for enforcement of the agreement? What arguments would you make in support of Jim's position?

Reference no: EM132064001

Questions Cloud

Show both geometric and arithmetic average return : Show both geometric and arithmetic average return for the time-weighted rates of return.

Bank Management-strengths-weaknesses of static GAP analysis : In Bank Management, what are the strengths and weaknesses of static GAP analysis.

How does the maturity of bond determine bond price : What are the implications of a change in the real exchange rate of a currency? How does the maturity of a bond determine bond price?

Problems of using the current yield as return measure : One of the problems of using the current yield as a return measure is:

Your arguments be for enforcement of agreement : If you were the attorney representing Mary what would your arguments be for enforcement of the agreement?

What was Wallace total long-term debt : What was Wallace's total long-term debt in 2016? How much new long-term debt financing will be needed in 2017?

True concerning the free cash flow hypothesis : Which of the following statements is true concerning the free cash flow hypothesis?

What is self-supporting growth rate : How large a sales increase can the company achieve without having to raise funds externally—that is, what is its self-supporting growth rate?

Replacement of eight-year-old riveting machine : St. Johns River Shipyards is considering the replacement of an 8-year-old riveting machine with a new one that will increase earnings

User Account

All Pages