58. If a person dies with a Will, the person who oversees the deceased's estate is...

58. If a person dies with a Will, the person who oversees the deceased's estate is called what?
Answers:
A. Administrator
B. Executor
C. Referee
D. Trustee

59. In what type of contract is the "co-signer" on the same level of legal liability as the debtor?
Answers:
A. Collateral
B. Guarantor
C. Secured
D. Unsecured

60. Mere limited access to real property (typically to gain ingress/egress to an adjoining property) is referred to as what?
Answers:
A. Easement
B. Lease
C. License
D. Sale

61. What type of contract, if impossible to complete within one year, must it be to be included under the Statute of Frauds?
Answers:
A. Bilateral
B. Multilateral
C. Real property
D. Unilateral

Expert Solution

58. If a person dies with a Will, the person who oversees the deceased's estate is called what?

Ans: B. Executor

Executor is the legally appointed person who undertake the properties and liabities of the deceased person in order to perform as his will.

59. In what type of contract is the "co-signer" on the same level of legal liability as the debtor?

Ans: B. Guarantor

Co-signing is a term related to guarantor type of contract in which the person who is willing to be liable or responsible for the debt of another person, he is called guarantor or co-signer.

60. Mere limited access to real property (typically to gain ingress/egress to an adjoining property) is referred to as what?

Ans: A. Easement

Easement is provide non-owners of the property a right to ingress or egress and utilities over a specific portion of anothers land. It is agreement of non-possession right to access and use a real property of contracting party.

61. What type of contract, if impossible to complete within one year, must it be to be included under the Statute of Frauds?

Ans: A. Bilateral

Mostly the contracts which impossible to complete within one year automatically will be under the purview of Statute of Frauds, whereas bilateral contracts are more important in the type defaults which will be included under the law.

keosha answered 2 hours ago

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