Bundles I'm about 95% sure his is right
Answer:
C. file a final account of the administration of the estate.
Explanation:
As in the question it is mentioned that Rita designated John for her estate and at the time of her death, she have owned a land parcel with her sister namely Ann
So in this case, John as an executor must to file a estate administration final account and it also represents the beneficiary
Hence, the option c is correct
Answer: B. b.Only III is true.
Explanation:
It should be noted that in order to qualify as an alimony, then the cash payments have to stop when the payer dies.
It should be noted that the $50,000 annual payments that are to be made to Andrea or her estate if she dies before the end of the eight years doesn't qualify as alimony.
Therefore, the correct option will be that If Travis sells the stocks for $900,000, he must recognize a $400,000 gain.
Therefore, only III is correct.
<span>A buyer purchased a home under an agreement that made the buyer personally obligated to continue making payments under the seller's existing mortgage. If the buyer defaults and the court sale of the property does not satisfy the debt, the buyer will be liable for making up the difference. The buyer has taken over/assume the sellers mortgage.
Often, then this happens nothing about the loan changes besides who is paying for it. The payments, interest rates, and loan term agreements stay the same. Someone else just becomes financially responsible for the payments. </span>
