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Author Question: Consideration is not required to establish or modify a letter of credit. Indicate whether the ... (Read 100 times)

azncindy619

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on: Jun 24, 2018
Consideration is not required to establish or modify a letter of credit.
  Indicate whether the statement is true or false

Question 2

Sidney and Saul Jarvis were in an auto accident. Saul died at the scene of the accident. Sidney was hospitalized and died three days later. Sidney and Saul have three children. The Jarvises had no will. How is their property to be distributed?
 A)Saul's estate passes first to Sidney's estate and then to their three children
 B)Saul's estate passes to the children and Sidney's estate passes to Saul
 C)Sidney's estate passes to Saul and Saul's estate passes to Sidney
 D)Sidney's and Saul's estates pass as if each spouse had predeceased the other


Animal_Goddess

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


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