Answered step by step
Verified Expert Solution
Question
1 Approved Answer
34 Xavier bought a property in Vancouver. Two days before the closing date, he had to fly out of the country for an emergency work
34 Xavier bought a property in Vancouver. Two days before the closing date, he had to fly out of the country for an emergency work situation. Seller of the property refused to postpone the closing date. What is the BEST option for Xavier under these circumstances? O Cancel the purchase and forfeit his deposit Have a limited power of attorney drawn up naming his close friend to complete the purchase. Have an enduring power of attorney drawn up naming his close friend to complete the purchase. Have a general power of attorney drawn up naming his close friend to complete the purchase. QUESTION 35 Theo donated $79,000 to cancer research in 2019. He died at the end of 2019. He had a net income of $32,000 in 2018 and $41,000 in 2019. What is the total amount of charitable donations that can be claimed? O $73,000 $41,000 O $79,000 O $54,750 QUESTION 36 A power of attorney that would enable either spouse in a marriage to make all financial transactions on behalf of the other, in the event one became mentally incapacitated is called a(n): O Non-limited power of attorney O Durable power of attorney O General power of attorney O Enduring power of attorney
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started