Which of the Following Would Be the Most Likely Result

question 50

Multiple Choice

Which of the following would be the most likely result regarding Alex's claim to ownership of the house upon Mark's death?

• A) Regardless of the form of ownership held by Trudy and Mark, Alex would get the house because Mark left all his property to Alex in his will.
• B) Because of the form of ownership held by Trudy and Mark, the will could have conveyed the house to Alex only if the house was specifically mentioned; therefore, since the will simply referenced property, Alex would not get the house.
• C) Alex would get the house as Mark's child regardless of whether Mark left it to him in the will.
• D) Alex would get ownership of the house, but he would have a duty to allow Trudy to live there the remainder of her life.
• E) Alex would not receive the house upon Mark's death because full ownership immediately passed to Trudy.

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Definitions:

Shareholders

Individuals or entities that own a share or multiple shares of stock in a corporation, granting them ownership interests and rights within the company.

Total Value

The sum of all monetary values of goods, services, or assets.

Initial Public Offering

The first sale of stock by a company to the public, marking the transition from private to public company.

Public Company

A corporation whose shares are publicly traded on stock exchanges, allowing investors to buy and sell shares.