Classify Each of the Independent Statements Appearing Below

question 88

Short Answer

Classify each of the independent statements appearing below.
a.Some or all of the interest included in the decedent's gross estate.
b.None of the interest included in the decedent's gross estate
-Bank account held as tenants by the entirety with surviving spouse.Decedent provided none of the funds.

---

Definitions:

Tender of Delivery

The process by which a seller makes goods available to a buyer in fulfillment of a sales contract and notifies the buyer that the goods are ready for receipt.

Destroyed Through Fire

Refers to property or goods that have been damaged or annihilated as a result of fire.

Shipping Term

A stipulation or condition specified in a shipping contract that outlines the responsibilities, costs, and risk allocation between a seller and buyer.

Free Alongside

A shipping term indicating that the seller is responsible for delivering the goods next to a designated vessel, after which the buyer takes over the transportation costs.