In 2005, Jonah Sold a Building to His Two Married

question 76

Multiple Choice

In 2005, Jonah sold a building to his two married sons: Bert and Charles. In 2015, Charles was thinking of severing the joint tenancy, but before anything was said or done, Charles and Bert both drowned in a boating accident. Charles died immediately, but Bert died two months later, never having regained consciousness. Charles had willed his interest in the property to his wife and Bert had willed his to his son. On these facts, which of the following is false?

• A) As soon as they made the wills, the parties became tenants in common.
• B) Charles' wife and Bert's son are now tenants in common.
• C) Charles' wife and Bert's son are now joint tenants.
• D) Bert's son is entitled to the whole property.
• E) Charles' wife is entitled to the whole property.

Understand the concept of hardiness and its components (commitment, challenge, and control) in relation to stress resistance.

Recognize the symptoms, causes, and consequences of burnout.

Know the physical and psychological effects of stress and how they relate to psychosomatic diseases and post-traumatic stress disorder (PTSD).

Understand the role of optimism, unrealistic optimism, and social support in managing stress and its effects.

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Definitions:

Warrants

Legal documents that grant the holder the right to buy or sell a particular asset at a specific price before a certain date.

Corporation by Estoppel

A principle where a company is treated as if it were legally incorporated, due to its conduct, even if it failed to complete the formal incorporation process.

Defectively Organized

Pertains to an entity or group that has not been set up correctly according to legal requirements or standards.

Shareholder Manager

An individual who both owns shares in a corporation and actively manages or participates in its governance and operations.