Creditors’ Claims Self-Quiz
Rachel died
last month. Her daughter, Gloria was appointed the executor of her estate.
In paying Rachel’s debts, she received a bill from Nordstrom’s,
a year after she received her appointment. In most jurisdictions, Gloria
is required to pay this bill.
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Lewis died
three weeks ago. His will designated his son, Barry as the executor of
his estate. In searching through his father’s paperwork, Barry discovered
outstanding bills from Sears, the electric company, and Ford Motor Credit.
Which bill is most likely a secured debt?
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Lewis died
three weeks ago. His will designated his son, Barry as the executor of
his estate. In searching through his father’s paperwork, Barry discovered
outstanding bills from Sears, the electric company, and Ford Motor Credit.
He took out an ad in the local newspaper to publicize the administration
of his father’s estate. Does this ad constitutes proper notice?
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Six months
ago, Phoebe’s cousin, Tia, was injured on her property. To recover
the cost of her medical treatment for a broken leg, Tia sued Phoebe for
the $1,850. Phoebe did not want to put in a claim with her homeowner’s
insurance company because she was afraid the company would cancel her
policy. Before the case was settled, Phoebe died. Who is liable for the
medical expenses?
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Rachel died
last month. Her daughter, Gloria was appointed the executor of her estate.
In paying Rachel’s debts, she discovered that Rachel had disputed
a charge on her Diner’s Club bill. Gloria is required to pay this
bill.
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