Question
A Revocable Intervivos Trust is one that: a. Comes into existence at the death of the creator b. Ends at the time of death of
A Revocable Intervivos Trust is one that:
a. | Comes into existence at the death of the creator | |
b. | Ends at the time of death of the creator | |
c. | Comes into existence during the life of the creator | |
d. | May not be changed by the creator of the trust |
2.
In an insurance contract, subrogation provides that:
a. | three parties may collect from the insurer as a result of one negligent act. | |
b. | the insured's rights to collect from a negligent third party is transferred to the insurer to the extent he or she received payment from the insurer. | |
c. | the insured must give up the right to receive damages from the insurance company if the insured is negligent. | |
d. | the insured may collect from his insurer and the negligent party's insurer. |
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