Complete the Following Statements by Filling in the Blanks:
$\underline{\quad\quad}$

question 20

Essay

Complete the following statements by filling in the blanks:
?
a. Real property disposed of under a valid will is called a(n) $\underline{\quad\quad}$
b. A person who dies without a valid will is said to die $\underline{\quad\quad}$
c. The personal representative of the decedent under a valid will is called the $\underline{\quad\quad}$
d. For an unmarried person, the amount of property exempted from the federal estate tax is referred to as the $\underline{\quad\quad}$
e. Since estate rates increase as the tax base increases, the rates are said to be $\underline{\quad\quad}$
f. With spousal consent, nontaxable gifts per individual per year amount to $\underline{\quad\quad}$
g. Under appropriate conditions, the fiduciary of an estate may value assets at a date six months after death. The date is called the $\underline{\quad\quad}$
h. A valid will says, "My nephew shall receive the gold Canadian maple leaf coins in my Greenwood Trust safety deposit box." This is an example of $a(n)$$\underline{\quad\quad}$ legacy.
i. Income from an asset may be assigned to one party called the $\underline{\quad\quad}$ After a stipulated period of time, the asset itsel $f$ may be distributed to another party called the $\underline{\quad\quad}$

Comprehend the implications of mediation and arbitration clauses in cross-border or international contexts.

Understand the legal mechanisms available when an agreement reached in mediation is not honored.

Recognize the significance of the Federal Arbitration Act and its application to employment disputes.

Grasp the critical aspects and outcomes of notable court cases related to ADR, such as Circuit City v. Saint Clair Adams and Robert Gilmer v. Interstate/Johnson Lane Corporation.

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Definitions:

SUTA

State Unemployment Tax Act, which requires employers to contribute to the state unemployment insurance program.

Form 940

A form utilized by employers to declare their yearly tax under the Federal Unemployment Tax Act (FUTA) to the IRS.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; a U.S. payroll tax that funds Social Security benefits.

Federal Income Tax

A charge imposed by the national government on the yearly income of persons, businesses, trusts, and other legal bodies.