Before Dying from Injuries Suffered in a Fall from a Horse,Inez

question 31

Multiple Choice

Before dying from injuries suffered in a fall from a horse,Inez tells her cousin Juana that on her death,Lysander is to be given possession of Inez's Rancho Mirage.In most states,this oral "will" would be

• A)not permitted.
• B)permitted.
• C)solid.
• D)valid.

---

Definitions:

Fair Market Value

The price at which an asset would exchange hands between a willing buyer and seller, each having reasonable knowledge of the relevant facts, and neither being under compulsion to transact.

Breach of Contract

Occurs when one party fails to fulfill their obligations under a contract, allowing the other party to seek legal remedies.

Unilateral Mistake

A situation in contract law where only one party is mistaken about a basic assumption on which a contract is made, which can impact the enforceability of the contract.

Mistake

An incorrect belief or understanding regarding a fact, judgment, or event that can affect the validity of a contract.