Author Question: The doctrine of assumption of the risk provides that people who knowingly and voluntarily agree to ... (Read 79 times)

SO00 · **on:** Aug 3, 2018

The doctrine of assumption of the risk provides that people who knowingly and voluntarily agree to assume a particular risk cannot later sue for injuries that occurred because of the risk.

a. True
b. False

Question 2

Differentiate between probate and non-probate assets and provide examples of each.

What will be an ideal response?

guyanai · **Reply #1 on:** Aug 3, 2018

Answer to Question 1

a

Answer to Question 2

Probate assets are property of a decedent that must be distributed through a probate proceeding in a court of law. Probate assets are generally those assets that were titled solely in the decedent's name at death, such as a bank account in sole name, a car in sole name, etc. Non-probate assets pass outside of probate to the surviving joint owner or a beneficiary. Examples include a joint bank account, a bank account with a pay on death (POD) designation, and life insurance with a named beneficiary.