CMU BLR202 Week 7 Written Argument: Bank Accounts Legal Argument

Written Assignment: Legal Argument. You are not doing a brief. This must not look like a brief at all but like a short paper.

The problem is attached here together with a rubric to help you.

Minimum 2.5 pages.

You must do legal research. Find the applicable law using any source you wish except I do not accept PowerPoints or videos as sources.

Your paper must include other examples: Find at least 2 examples from other similar cases/situations to illustrate your ideas. You may use secondary sources that is you do not have to use actual cases but can use articles that you find on the web that are about actual cases.

All sources must be cited using Chicago Manual footnote method only. I do not accept any other citation form. If you do not know what this is, google “Chicago Manual”. This format uses footnotes.

Footnotes not footers. If you do not know how to insert a footnote into a document, now is a good time to learn. At the ribbon on the top go to <References> <Insert footnote>.

Save your work in Word or PDF. Upload and submit it via the title link.
Written Assignment: Legal Argument. You are not doing a brief. This must not look like a brief at all but like a short paper.

The problem is attached here together with a rubric to help you.

Minimum 2.5 pages.

You must do legal research. Find the applicable law using any source you wish except I do not accept PowerPoints or videos as sources.

Your paper must include other examples: Find at least 2 examples from other similar cases/situations to illustrate your ideas. You may use secondary sources that is you do not have to use actual cases but can use articles that you find on the web that are about actual cases.

All sources must be cited using Chicago Manual footnote method only. I do not accept any other citation form. If you do not know what this is, google “Chicago Manual”. This format uses footnotes.

Footnotes not footers. If you do not know how to insert a footnote into a document, now is a good time to learn. At the ribbon on the top go to <References> <Insert footnote>.

Save your work in Word or PDF. Upload and submit it via the title link.

Marcos was a partner in Landis Securities, which had offices in the World Trade Center (WTC) in New York City. In 1998, Marcos and Anna became engaged and began living together. They put both of their names on three accounts at the Bank. According to Bank’s terms, “accounts with multiple owners are joint, payable to either owner or the survivor.” Marcos arranged for the direct deposit of his salary and commissions into on of the accounts. On September 11, 2001 Marcos died when two planes piloted by terrorists crashed into the WTC towers, causing their collapse. On the date of his death the balance in these three accounts as $600,000. On September 14, his employer deposited an additional. $58,000 into the direct deposit account, which was his final salary due for services performed before his death. Later Anna closed all of the joint accounts and opened new accounts with her name only on the accounts.

Mary, Marcos’s mother, filed a lawsuit against Anna to determine the ownership of the funds that had beenin the accounts.

This scenario raises several issues you need to discuss. Hint: Review the chapter topic “Property Ownership”.

In what form of ownership were the accounts held?

Who is entitled to the $600,000 in the account that was earned by Marcos before his death? Why or why not?

Who is entitled to the $58,000 deposited into the account after his death? Is this different than the above because Anna and Marcos were not married? Why or why not? You may need to do additional research on this topic in addition to what the text says.