Match Each Numbered Entry with the Most Relevant Lettered Entry

question 25

Short Answer

Match each numbered entry with the most relevant lettered entry below.
a. in loco parentis
b. CASA
c. necessaries
d. inter vivos
e. dependency
f. safe-haven law
g. probable cause
h. summary seizure
i. estate
j. good faith
29. takes effect while donor is alive
30. abandonment of a baby without being subject to prosecution
31. reasonable belief
32. taking possession without notice
33. all of one's assets and liabilities
34. assuming some or all parental responsibilities
35. basic items needed by a family
36. absence of wrongful intent
37. court-appointed volunteer
38. abused, neglected, or abandoned

Understand the concept of restitution and the conditions under which it may be awarded.

Identify the legal bases for rescinding a contract and the effects of rescission.

Comprehend the significance of the Statute of Frauds in enforcing oral contracts and the exceptions.

Recognize the role of quasi-contracts in providing a remedy where a formal contract is unenforceable.

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Definitions:

Carrying Amount

The value at which an asset is recognized on the balance sheet, considering factors like initial cost, depreciation, and impairment losses.

Bond Investment

Purchasing bonds as a way to invest capital, where the investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a fixed interest rate.

Cost Related

Pertaining to or concerning the expenses incurred in the production of goods or the operation of a business.

Equity Investment

An investment in shares of stock, representing ownership in a company, with the expectation of generating income from dividends and capital gains.