In an inter vivos trust, the settlor transfers legal title of property to a named trustee to hold, administer, and manage for the benefit of named beneficiaries while he or she is alive
Indicate whether the statement is true or false
TRUE
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A company borrows $1,000,000 from a bank for one month, beginning July 20. The interest rate is 12%. How much interest will it owe to the bank?
a) $10,000 b) $10,333 c) $120,000 d) $124,000
Sara's supervisor frequently invites her to lunch. He tells her often how good she looks and that he wishes he were not a married man. Last week he came up behind her while she was working at her desk and started complimenting her in front of other people. When she asked him to please stop, he told her she would regret doing so. Sara's boss has
a. created an undue hardship for Sara. b. made an affirmative declaration that Sara has to respect. c. not done anything wrong; he is just being friendly. d. created a hostile work environment for Sara.