Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

With his winnings from the state lottery, Anton bought a new house and a Lincoln Continental. A fast-talking investment counselor, through fraudulent means, obtained title

With his winnings from the state lottery, Anton bought a new house and a Lincoln Continental. A fast-talking investment counselor, through fraudulent means, obtained title to the car, but Anton's lawyer got the car back by showing that the counselor held the car in a(n) (1), which is a type of involuntary or (2). Still smarting from that experience, Anton decided to put his house in his sister Babs's name so that people would not know about his wealth. He also decided to set up a(n) (3), which is an arrangement under which title to property is divided into two parts: (4) and (5) (also known as beneficial title). Anton was the (6), also known as the (7), the (8), and the (9). Because Anton was alive when the arrangement came into existence, it was known as a(n) (10) or a(n) (11). Because it was not within the body of a will, it was not a(n) (12), and in view of the fact that it was not created by words of entreaty, request, desire, or recommendation, it was not a(n) (13). Technically, the arrangement was a(n) (14) because Anton transferred beneficial title to his wife, Celeste, and retained legal title

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Sports Law

Authors: Mark James

3rd Edition

113755925X, 978-1137559258

More Books

Students also viewed these Law questions

Question

2. How do I perform this role?

Answered: 1 week ago