12. Joan opens a bank the monies in the account to he What has Joan created? account in her name but instructs the bank to pay r sister, Judy, in the event of her death. a. Spendthrift trust Resulting trust Constructive trust Totten trust 13. Able, Baker and Charlie purchase real estate as tenants in common. Able owns 1096, Baker owns 50% and Charlie o Who owns what after Charlie's death? wns 40%. Charlie dies. Able owns 10%, Baker owns 50% and Charlie's share belongs Able Abl to his heirs b. C. d, owns 10%, Baker owns 50% and Charlie's share belongs to the state e owns 30% and Baker owns 70% Able owns 50% and Baker owns 50% efeeds them Hippo Chow which she buys from the local pet store. Under the UCC, Harriet is: Harriet raises and sells hippos. In order to keep her hippos happy, sh A merchant of both the hippos and Hippo Chow b.A merchant of hippos but not Hippo Chow C. d. A merchant of Hippo Chow but not hippos Not a merchant of either hippos or Hippo Chow Which of the following contracts is most likely to be declared 15. unconscionable? a. A sales contract between a wholesaler and a retailer which limits remedies in the event of a breach of contract b. A sales contract between a wholesaler and a retailer which adds a deliver charge of 15% of the value of the goods A consumer sales contract which charges 300 times the market value of the goods d. A consumer sales contract which limits a consumer's remedies to repair or replacement of the goods 16. MacDonald's. She is the only one there so she takes the ring. Which of the following is true? Jill finds a diamond ring on the sink in the women's restroom at a. b. c. d. Jill is now the owner of the ring. Jill has the right to the ring unless the original owner reclaims it. Jill is absolved from any responsibility for the mislaid property MacDonald's has the right to the ring unless the original owner reclaims it