Martha's mother Joan opened a trustee bank account. The designation on the bank account reads, "Joan Williams, as trustee for Martha Williams." This indicates that
A)
Joan will manage the funds in this account solely for the benefit of her daughter.
B)
Martha can presently retrieve funds from the account if she so wishes.
C)
Martha has no right to the funds in the account while her mother is alive.
D)
Martha has a right to retrieve funds from the account if her mother is mentally incapacitated.
C
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Amortization of limited-life intangible assets should not be impacted by expected residual values.
a. true b. false
Before giving a listing to a broker, the owner informed the broker that the roof was in bad shape. The broker later showed the house and assured the buyer that the house was in excellent condition, without any known problems. After the first rain, the house suffered heavy water damage due to a leaky roof, The buyer is angry and will probably sue the:
a. broker and the seller b. broker c. broker, seller, and escrow company d. title insurance company