A father made out a deed to a parcel of farmland to his three daughters

Question # 00329728 Posted By: solutionshere Updated on: 07/01/2016 09:28 AM Due on: 07/01/2016
Subject Accounting Topic Accounting Tutorials:
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1. A father made out a deed to a parcel of farmland to his three daughters, as joint tenants with right of survivorship. State law recognizes the right of survivorship among joint tenants. The youngest sister sold her interest to an unrelated purchaser for value. The eldest sister then died. After that sister's death, the remaining sister sold her interest to one of her cousins. What is the resulting status of the ownership interests in the land. Explain in full to get full credit.





2. The “Inner Light” company runs 60-minute programs designed to help attendees become aware of their inner goodness. The company advertises for a program in Milwaukee in various newspapers like the Milwaukee Journal Sentinel. The ads do not mention any charge for the event. No mention of fees is made during the event, but after the event is over, and as attendees are packing up to leave, an Inner Light company employee announces to the attendees that the fee for the event is $60. Can the Inner Light company collect the money?


Explain why or why not in detail, citing appropriate law.

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  1. Tutorial # 00325280 Posted By: solutionshere Posted on: 07/01/2016 09:29 AM
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