In an Intestate Distribution, Personal Property Is Distributed

question 49

Multiple Choice

In an intestate distribution, personal property is distributed

• A)​under the laws of the state where the property is located.
• B)​under the laws of the state in which the decedent was domiciled.
• C)​directly to the devisee.
• D)​directly to the legatee.

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Definitions:

Joint Venture

A collaborative agreement where several participants contribute their resources to fulfill a targeted objective.

Licensing Agreement

A contract in which one company (the licensor) grants permission to another company (the licensee) to use the licensor’s intellectual property in return for payment.

Ethical Decision

The process of choosing among alternatives in a manner consistent with ethical principles.

Forum Selection Clauses

Provisions in a contract that establish the jurisdiction or court in which disputes arising from the contract will be resolved.