« previous next »

Author Question: Smith, an attorney, is handling the sale of some property in probating an estate. Smith's wife, a ... (Read 174 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
on: Jun 24, 2018
Smith, an attorney, is handling the sale of some property in probating an estate. Smith's wife, a broker, is interested in obtaining the listing, and both Smiths are interested in purchasing the property. Any problems?

Question 2

Third persons are prohibited from recovering from an accountant who commits fraud.
  Indicate whether the statement is true or false


scottmt

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 24, 2018
Answer to Question 1

A definite conflict of interest. The best bet for the Smiths is to obtain both the estate representative's and the court's approval of the transaction, disclosing all interests and identities.

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Brumbies awaiting their sale and new homes. Brumbies awaiting their sale and new homes.
During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage, During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage,
President-elect Barack Obama, his daughters, and wife, Michelle, celebrate his victory in November 2 President-elect Barack Obama, his daughters, and wife, Michelle, celebrate his victory in November 2
Phillip K. Smith III, Lucid Stead. Phillip K. Smith III, Lucid Stead.
Ramose's Brother May And His Wife Werener Ramose's Brother May And His Wife Werener
How to determine the commission of a sale How to determine the commission of a sale
Video: Cellular Defects - Osteoblasts, Osteoclasts and Osteocytes

For a complete list of videos, visit our video library