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.
True
False
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?
Choice 1 The Sears bill.
Choice 2 T he bill from Ford Motor Credit.
Choice 3 The electric company bill.
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?
True
False
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?
Choice 1 Phoebe’s estate.
Choice 2 Tia cannot get reimbursement, since Phoebe died before the claim was settled.
Choice 3 Phoebe’s homeowner’s policy.
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.
True
False

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