Decedent owed Friend $5,000 and Nephew owed Decedent $10,000.

(a) At Decedents death Friend neglected to file a claim against Decedents estate in the time allowed by state law and Friends claim was barred by the statute of limitations. (Lets defer our concern for Nephew.) What result to Decedents estate?

(b) What result to the estate in (a), above, (with Decedent still in cold storage) if instead Friend simply permitted the statute to run stating that she felt sorry for Decedents widow, the residuary beneficiary of his estate?

(c) Now, what result to Nephew if Decedents will provided that his estate not collect Nephews debt to the estate?