Perpetuities - Study guides, Class notes & Summaries

Equity and Trusts summary of key principles, types of trust, actions against third parties, duties, defences

Test Bank for CFIN7 7th Edition by Scott Besley, Eugene Brigham ISBN-13: 5150 Full Chapters test bank includes Multiple choice questions and True false Chapter 1. An Overview of Managerial Finance 1-1. What Is Finance? 1-1a. General Areas of Finance 1-1b. The Importance of Finance in Non-Finance Areas 1-2. Alternative Forms of business Organization 1-2a. Proprietorship 1-2b. Partnership 1-2c. Corpora...

A fee simple owner of a restaurant provided in his will that the property should go on his death "in fee simple to my friend, but if during my friend's lifetime my son has children and those children are alive when my friend dies, then to said living children." When the owner died, the friend took over the restaurant. If the son has children and one or more of them are alive when the friend dies, who will take title to the restaurant at that time? A The friend's heirs, because the atte...

Financial Modeling Exam 1 Question and answers already passed 2024/2025 Financial Modeling Exam 1 1. Explain the differences between Excel functions PMT, IPMT, and PPMT. What type of cash-flow stream is each of these based on? When should each of these be used? Which vary with time in your amortization schedule? Why? - correct answer Each of these is for use with an annuity, or annuity-type cash flow (constant cash flows over a set period of time at regular intervals). PMT calculates the t...

Words of purchase - Answer-Describe who takes the real property by grant, gift, inheritance or bequest Words of limitation - Answer-Describe the type and duration of the estate taken by the transferee FEE SIMPLE ABSOLUTE - Answer-"To Grantee and their heirs" FEE SIMPLE DETERMINABLE - Answer-"To Grantee and their heirs for so long as" or "while" or "during" or "until" (the occurrence of an event). Automotically terminates upon the happening of stated event FEE SIMPLE SUBJECT TO A C...

PROPERTY Ownership Ownership of real property may be transferred by sale, gift, upon death by devise (will) or intestate succession. - Present Possessory (Freehold) Estate: an estate must be immobile and for an indeterminate duration; the owner has the right to currently possess the property - Future Interests: an interest in presently existing property or in a gift or trust; the use, possession, or enjoyment may start sometime in the future - Concurrent Estate: ownership or possession of r...

FLORIDA BAR: REAL PROPERTY EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ present estates (3 types) - -the owner of the estate has the present right to possess the land 3 types: 1. fee simple absolute 2. defeasible 3. life estate future estates - -in which the owner of the estate has or may have the right to possess the land in the future. fee simple absolute (present) - -no event can end the owner's right to possess - one person owns all the rights - owner has all of the present and ...

A woman borrowed $100,000 from a bank and executed a promissory note to the bank in that amount. As security for repayment of the loan, the woman's brother gave the bank a mortgage on a tract of land solely owned by him. The brother did not sign the promissory note.The woman subsequently defaulted on the loan, and after acceleration, the bank instituted foreclosure proceedings on the brother's land. The brother filed a timely objection to the foreclosure. Will the bank succeed in foreclosing ...

This document contains a selection of questions that derive from old exams, and the course material, and covers most topics. Week 1 – Basic Concepts & Hirshleifer Model Week 2 – Investment decision rules and capital budgeting Week 3 – Valuing Bonds and Stocks Week 4 – MV Analysis and Portfolio Theory. Week 6 – EMH and M&A