Question
1.A tech billionaire wants to divide her billions among her loved ones after her death. She doesn't care how the billions are used after they
1.A tech billionaire wants to divide her billions among her loved ones after her death. She doesn't care how the billions are used after they are distributed. Which of the following would most likely be the best estate planning tool for her?
A. gift
B. will
C. bailment
D.trust
2.An elevator will damage a business if it is removed. What kind of property is it?
A.fee
B.fixture
C. building
D. bailment
3.Which of the following would most likely lead to a court ruling that an exculpatory clause is not valid?
A.if there was equal bargaining power of parties
B.if it is readily visible
C. if the affected activity is recreational
D.if it covers intentional torts
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