Contract Law Considerations Self-Quiz

 

 

 

 

 

 

Jermaine gave property to himself “for his own use and benefit.” His brother, Tito, challenged this contention because Jermaine had promised him in a conversation during Christmas that he was going to hold the property for Tito’s benefit. The court would allow the introduction of Tito’s testimony.
True
False
Orville establishes an oral trust (his sister Viveca is the trustee) as follows: “1,000 shares of utilities stock to benefit Juliana”; “income for life to Sandra, upon her death, principal to Daphne” and he deeds his personal residence in North Dakota to benefit Zack. Which item is unenforceable?
Choice 1 1,000 shares of utilities stock to benefit Juliana.
Choice 2 The deed to his personal residence in North Dakota to benefit Zack.
Choice 3 Income for life to Sandra, upon her death, principal to Daphne.

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