In in Re Estate of Kurrelmeyer, the Case in the Text

question 8

Multiple Choice

In In re Estate of Kurrelmeyer, the case in the text in which the decedent's son sued the wife of the decedent, alleging that in violation of the power of attorney that she held, she invalidly transferred the decedent's home into a trust, which of the following was the result on appeal?

• A) That because no extrinsic evidence existed to clarify the meaning of the power of attorney, the transfer was invalid.
• B) That because no extrinsic evidence existed to clarify the meaning of the power of attorney, the transfer was valid.
• C) That because the power of attorney did not specifically give the wife the power to transfer property into the trust, the transfer was invalid.
• D) That based on extrinsic evidence showing the decedent's intent, the power of attorney included the power to transfer the property.
• E) That based on extrinsic evidence showing the decedent's intent, the power of attorney did not include the power to transfer the property.

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Definitions:

Profits and Losses

A financial statement or section of a financial statement that shows a company's revenue, costs, and expenses over a specific period, indicating net profit or loss.

Limited Partnership

A form of partnership consisting of one or more general partners who manage the business and are personally liable for its debts, and one or more limited partners who invest capital but have limited liability and do not participate in management.

Unincorporated Business Association

A business entity where two or more persons come together for a commercial purpose without forming a corporation.

Dormant Partner

A business partner who does not participate in the day-to-day management of the partnership but still shares in its profits and losses.