A "Term Endowment" Is a Gift with Donor Specifications Whereby

question 5

Multiple Choice

A "term endowment" is a gift with donor specifications whereby

• A) The principal is available for expenditure after a specific period of time.
• B) The principal must be returned to the donor after a specific period of time.
• C) The income generated must be added to the principal after a specific period of time.
• D) The income generated must be expended within a specified period of time.

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Definitions:

Motion To Dismiss

The tenancy that exists when the landlordand tenant agree that rent will be paid in regular successive intervals until notice to terminate is given but do not agree on a

Demurrer

A civil motion that attacks the plaintiff’s complaint by assuming the truth of the facts stated in the complaint for purposes of the motion, and by arguing that even if these facts are true, there is no rule of law entitling the plaintiff to recovery. Roughly similar to the motion to dismiss for failure to state a claim on which relief can be granted.

Interrogatory

A written question that one party in a lawsuit sends to another party as part of the discovery process, which must be answered in writing and under oath.

Directed Verdict

A verdict issued by a judge who has, in effect, taken the case away from the jury by directing a verdict for one party. Usually, the motion for a directed verdict is made at trial by one party after the other party has finished presenting his evidence.