1 elvis dies intestate and is survived by his wife, Ask an Expert

Management Studies

1. Elvis dies intestate and is survived by his wife Priscilla and his daughter Lisa Marie, who is married to Michael. Which of the following is true in most jurisdictions and under the Uniform Probate Code?

A. Priscilla, Lisa Marie, and Michael will each inherit 1/3 of the estate.

B. Priscilla and Lisa Marie will each inherit 1/2 of the estate.

C. Priscilla will inherit the entire estate.

D. Priscilla and Lisa Marie will each receive 1/3 of the estate and the remaining 1/3 of the estate will be distrubted per capita to lineal descendants.

2. EXTRA CREDIT: Under the UCC, a buyer or seller of goods that is a merchant must

A. act in good faith.

B. act in a commercially reasonable manner.

C. act as reasonable and prudent businesspeople/merchants in the industry.

D. all of the above.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92184804

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