THIS SCENARIO APPLIES TO QUESTIONS 26 27 Sheila, a widow, makes out a will leaving one half of her property equally to two of her adult children, Mark and Paula The other one half of her peoperty she is leaving to her neighbor Ned Her third adult child, Elmo was left nothing Sometime later a court declares Sheila mentally incompetent Sheila dies 6 months after that Mark, paula and Elmo now seek to invalidate the will What legal arguments may be used to invalidate the will a Sheila was unable to understand what she was signing when she signed the will b Sheila is not permitted to disinherit any of her children c Either of these arguments are legally valid d neither of these arguments are legally valid REFER TO THE FACTS IN QUESTION 26 If the will is deemed to be invalid how would Sheila's estate be distributed a One third each to Elmo Mark and Paula b 50 to Elmo 25 each to Mark and Paula c 25 to Ned, Mark, Paula and Elmo d 100 to the government Jerry works for X Corp at a salary of $200,000 Which of the following statements is true a He must pay a social security tax and medicare tax on the full amount of his salary b He must pay a social security tax on the entire salary but the medicare tax will be limited c He must pay a medicare tax on the entire salary but the social security tax will be limited d Both the social security tax and medicare tax will only be paid on a limited amount of salary Son, a minor , buys Dad a lottery ticket using Dad's money without Dad's knowledge Dad is quite upset when he discovers Son's frivolous actions until he discovers that the ticket is worth $50,000 When dad cashes in this would be an example of a Implied agency b apparent agency c agency by ratification d No agency sonny boy gets to keep the loot In determining whether a person is working as an employee or an independent contractor the law considers most importantly a the payer's right to control the work b the hazardous nature of the activity c the amount of compensation d the gender of the parties Concerning agency a an agent's implied authority is determined by the principal's conduct towards third parties b an agent's apparent authority is determined by the principal's conduct towards third parties c both a and b d neither a nor b

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THIS SCENARIO APPLIES TO QUESTIONS 26 & 27 Sheila, a widow, makes out a will leaving one-half of her property equally to two of her

THIS SCENARIO APPLIES TO QUESTIONS 26 & 27

Sheila, a widow, makes out a will leaving one-half of her property equally to two of her adult children, Mark and Paula. The other one-half of her peoperty she is leaving to her neighbor Ned. Her third adult child, Elmo was left nothing. Sometime later a court declares Sheila mentally incompetent. Sheila dies 6 months after that. Mark, paula and Elmo now seek to invalidate the will.

What legal arguments may be used to invalidate the will?

	a.	Sheila was unable to understand what she was signing when she signed the will
	b.	Sheila is not permitted to disinherit any of her children
	c.	Either of these arguments are legally valid
	d.	neither of these arguments are legally valid

REFER TO THE FACTS IN QUESTION 26

If the will is deemed to be invalid how would Sheila's estate be distributed?

	a.	One third each to Elmo. Mark and Paula.
	b.	50% to Elmo. 25% each to Mark and Paula.
	c.	25% to Ned, Mark, Paula and Elmo.
	d.	100% to the government.

Jerry works for X Corp at a salary of $200,000. Which of the following statements is true?

	a.	He must pay a social security tax and medicare tax on the full amount of his salary
	b.	He must pay a social security tax on the entire salary but the medicare tax will be limited.
	c.	He must pay a medicare tax on the entire salary but the social security tax will be limited.
	d.	Both the social security tax and medicare tax will only be paid on a limited amount of salary.

Son, a minor , buys Dad a lottery ticket using Dad's money without Dad's knowledge. Dad is quite upset when he discovers Son's frivolous actions until he discovers that the ticket is worth $50,000!

When dad cashes in this would be an example of:

	a.	Implied agency
	b.	apparent agency
	c.	agency by ratification
	d.	No agency...sonny boy gets to keep the loot!

In determining whether a person is working as an employee or an independent contractor the law considers most importantly:

	a.	the payer's right to control the work
	b.	the hazardous nature of the activity
	c.	the amount of compensation
	d.	the gender of the parties

Concerning agency:

	a.	an agent's implied authority is determined by the principal's conduct towards third parties.
	b.	an agent's apparent authority is determined by the principal's conduct towards third parties.
	c.	both a and b
	d.	neither a nor b