Question
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 to the property, which is also called the (15), the (16), and the (17). Anton was the (18) and Celeste was the (19) or (20). Anton's willcontained a provision leaving a gift to the person who had legal title, creating a(n) (21). Because the instrument contained language stating that it could never be revoked, it was called a(n) (22). When Anton died, Babs claimed the house as hers, but the court decided otherwise. The judges said that there was a(n) (23), because Anton had paid the entire purchase price for the property.
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