Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

II. A life insurance worth worth P10,000,000 was taken out by Pedro upon his life. He designated his friend, Juan, as beneficiary. Should the proceeds

II. A life insurance worth worth P10,000,000 was taken out by Pedro upon his life. He designated his friend, Juan, as beneficiary. Should the proceeds be included in the gross estate of Pedro upon his death? Yes or No? Explain.

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

Recommended Textbook for

Business Law Principles and Practices

Authors: Arnold J. Goldman, William D. Sigismond

9th edition

1133586562, 978-1285632995, 1285632990, 978-1285675367, 978-1133586562

More Books

Students also viewed these Law questions

Question

★★★★★

Find the binomial distribution and its normal approximation for the number of tall offspring. What is the probability of getting ten or fewer? Suppose that the alleles A and a for height are...

Answered: 1 week ago

Question

★★★★★

Wild Expansion Co. acquired the following assets in exchange for various nonmonetary assets. 2011 Mar. 15 Acquired from another company a large lathe in exchange for three small lathes. The small...

Answered: 1 week ago

Question

★★★★★

Did the individuals and groups become more informed or sophisticated about their experiences?

Answered: 1 week ago

Question

★★★★★

Make all required General Fund journal entries for the Doyle County Public Schools for 20X6, including adjusting entries, required by the following information. 1. The Doyle County Public Schools...

Answered: 1 week ago

Question

★★★★★

Q4) An analyst gathered the following information for a stock and market parameters: stock beta = 1.19; expected return on the Market = 8.80%; expected return on T-bills = 3.50%; current stock Price...

Answered: 1 week ago

Question

★★★★★

A $5,000 bond that carries a 3.50% coupon rate payable semi-annually is purchased 5 years before maturity when the yield rate was 4.50% compounded semi-annually. a. Calculate the purchase price of...

Answered: 1 week ago

Question

★★★★★

What are the key differences between leadership and management in a business context?

Answered: 1 week ago

Question

★★★★★

2. Given the information below, complete the MRP record and explain what it tells the inventory analyst to do. Lot Size Rule: Fixed Q = 200 units Lead Time = 2 weeks Safety Stock: 0 units Current...

Answered: 1 week ago

Question

★★★★★

Describe the factors influencing of performance appraisal.

Answered: 1 week ago

Question

★★★★★

What is quality of work life ?

Answered: 1 week ago

Question

★★★★★

Explain the main functions used in OpenGL. [8 marks] b) Explain the meaning of the term parallel projection and explain where it is most applicable. [6 marks] c) Find the angle between vectors (3, 7)...

Answered: 1 week ago

Question

★★★★★

13. You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state. Your boss recently learned that the President proposed a 21 percent increase in the...

Answered: 1 week ago

Question

★★★★★

1. To gain insight into why we believe more in one type of information than another.

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: emo-tional information, concrete information, local information, the reference object, consensus information, conflict...

Answered: 1 week ago

Question

★★★★★

11. Give two examples of each of the following heuristic assessment mechanisms. a) We use the information that is currently accessible. b) We assume an initial anchor point (value). c) We compare to...

Answered: 1 week ago

Previous Question Next Question