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Rama09 [41]
3 years ago
15

Frank, a hypochondriac who was also very compulsive, was having minor surgery to repair a bone spur on his foot. He had just pur

chased a lottery ticket for a chance at the grand prize of $30,000,000. Frank's girlfriend, Bubbles, went with him to the hospital. While in the waiting room, Frank said to her, "Bubbles, I may not make it out of this bone spur surgery. Take my lottery ticket. If I don't make it, I hope you win and live it up, but please don't get another boyfriend." Bubbles replied, "I could never be happy without you."
A nurse saw and heard the whole exchange. Frank came out of the surgery just fine but with a sore foot. While he was recuperating, that evening, Bubbles watched the lottery drawing and discovered that Frank's ticket was indeed the winning ticket. She immediately moved out and collected the winnings. Frank saw her on television with her new boyfriend, George. She appeared to be very happy. He checked the numbers and discovered that she won with his ticket. Frank says that the lottery money is his.

Which of the following is true regarding rightful ownership of the lottery money?

A. At that point, he made a valid gift that could not be revoked.
B. He did not make a gift because he placed a condition on it.
C. He made an irrevocable gift at that time only if Bubbles never had another boyfriend; otherwise, she had to give the ticket and any resulting cash to Frank.
D. He made an irrevocable gift at that time if Bubbles refrained from having another boyfriend until she cashed the ticket; and, after the ticket was converted, the condition no longer applied.
E. None of these.
Business
2 answers:
11111nata11111 [884]3 years ago
7 0

Answer:

C. He made an irrevocable gift at that time only if Bubbles never had another boyfriend; otherwise, she had to give the ticket and any resulting cash to Frank.

Explanation:

The three elements that make a gift are the capacity of a donor, the intent to transfer the property as a gift and the delivery of the gift. From these we can deduce that Franks actions towards Bubbles consists of the elements that make a gift.

However, a gift can be termed irrevocable if the term the donee (Bubbles) fails to adhere to the conditions laid by the donor (Frank) at the time of drawing up the gift deed. Frank has specified his condition from the outset that Bubbles should never have another boyfirend and that she can take the lottery win in the event he dies. However, Bubbles failed to maintain these conditions and therefore has to return the ticket and any resulting cash to Frank.

Olegator [25]3 years ago
3 0

Answer: The answer is E. None of these.

Explanation: From the scenario given above, we can see that Frank was a hypochondriac meaning that he always worried about his health, and in addition to that, he was also compulsive.

When Frank was in the hospital, his hypochondriacal nature must have prompted him to give the lottery ticket to Bubbles. This is because he must have thought he was going to die.

A gift that is given in this situation is called a Gift Causa Mortis. The condition for this gift to be irrevocable is if the donor dies. However, if the donor survives, then the right to keep the gift will only be passed to the receiver if the donor permits it.

Therefore, the gift to Bubbles in the scenario given above is revocable based on whether Frank dies or not, and since Frank is alive, the lottery ticket is still validly his.

Therefore the answer is E.

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What does the consumer price index measure? A. the change in prices of all goods and services over time B. the change in prices
viktelen [127]

What does the consumer price index measure? B. the change in prices of specific goods and services over time. The consumer price index is also know as the CPI when reffering to this calculation. The CPI measures the weighted items of specific consumer goods and services by averaging them overtime. The CPI allows for comparison of the same products that consumers use on a daily basis and see how much they are using each year. This lets us know how the economy is doing as it relates to inflation. Inflation is the increase in prices and decline of the purchasing value of money in an economy.

6 0
3 years ago
Read 2 more answers
The following financial information is taken from the annual reports of the Jackson Company and the Pearce Company: Jackson Pear
zloy xaker [14]

Answer:

1. Jackson = $350,000 and Pearce = $1,020,000

2. Pearce

Explanation:

The formula to compute the free cash flow is shown below:

= EBIT × (1 -Tax Rate) + Depreciation & Amortization - Change in Net Working Capital - net capital Expenditure

But for this question, the formula would be

= Cash flow from operating activities - Cash investment in property & equipment

1. For Jackson, it would be

= $500,000 - $150,000

= $350,000

For Pearce, it would be

= $1,500,000 - $480,000

= $1,020,000

2. If we see and compare the free cash flow, the Pearce has better cash flow due to the high cash flow from operating activities

3 0
4 years ago
Since the market return represents the expected return on an average stock, the market return reflects a certain amount of risk.
posledela

Answer:

A. True

Explanation:

In the Stock Exchange Market, the market return can be calculated by the expected return on an average stock. This return is a reflection of a certain amount of risk. It gives rise to the existence of a market risk premium, which is the amount over and above the risk-free rate, that is required to compensate stock investors for assuming an average amount of risk.

7 0
3 years ago
Select each of the factors you should consider when selecting a savings account.
Nady [450]
I would say all of them, only because you want to make sure that you're choosing the best account overall.  My best guess, if that's not the answer, which it should be, would to be to look and see from your text, if it specifically mentions that any of these are not a part of a savings account.  Nowadays, they all can be.  It depends what bank you go to.  But in Business classes, it might show that you a savings can't have one or more of these.  For example, you usually see APR on other types of accounts.  Not always savings. But for your grade level, and argument sake, I'd say all. 
8 0
3 years ago
Assume c = 50 .50yd. if investment increases by 60, what will be the change in equilibrium output?
tatiyna

The change in equilibrium output  120.

The equilibrium output is the factor wherein deliberate mixture expenditure is identical to national profits output. The equilibrium price is the factor in which the value of a product and the call for that product intersect, developing a rate compromise. on the equilibrium fee, there may be a balance between customers shopping for the product and agencies presenting the product.

I the call for and deliver change within the equal direction, the change inside the equilibrium output may be decided, however the change in the equilibrium price cannot. a. If both call for and deliver an increase, there could be an increase within the equilibrium output, however, the effect on rate cannot be decided.

investment increases by 60

c = 50.50dy

dy = (1/1-mpc) dI                            where, dI =change in investment

∴ dy = (1 / 1 - 0.5)*60                             dy = change in equilibrium output

        = 2 * 60                                        Mpc = 0.5

       = 120

Hence, the equilibrium output is  120.

Learn more about  equilibrium output here:-brainly.com/question/28149601

#SPJ4

3 0
2 years ago
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