Examlex
The probability that a car will have a flat tire while driving through a certain tunnel is 0.00006.Use the Poisson approximation to the binomial distribution to find the probability that among 13,000 cars passing through this tunnel,at most two will have a flat tire.
Dies Intestate
Refers to a situation where a person passes away without having made a valid will, leading to the distribution of their assets according to state laws.
Typical Statute
A law established by a governing body that is common or expected within a particular legal framework.
Nuncupative Will
An oral will, declared by a testator in their final moments, intended for immediate distribution of personal property.
Homestead Exemption
A provision in the Bankruptcy Code that allows debtors to exclude a statutory amount of equity in the debtor’s place of residence and in property used as a burial ground when filing for bankruptcy.
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