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alexira
3 months ago
14

Old Man Smith died owning a property with an estimated value of $500,000. He never married and died without leaving a will. Smit

h's sister was married and had two children. What will happen to the property upon the death of Mr. Smith?
Business
1 answer:
Scilla [3.8K]3 months ago
7 0

Response:

The property will go to the nearest direct heir, which is his sister. This is because property is typically divided among siblings. Therefore, since Smith's sister qualifies as one of the siblings, she is entitled to inherit the property.

Clarification:

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You just won the TVM Lottery. You will receive $1 million today plus another 10 annual payments that increase by $450,000 per ye
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Response:

$22,419,192.19

Detailed explanation:

Utilizing an Excel sheet, I calculated the future payments and their present worth. If the annual payments rise by $450,000 each year, then the second payment will amount to $1.9 million, not $1.7 million.

Year Payment

0 $1,000,000

1 $1,450,000

2 $1,900,000

3 $2,350,000

4 $2,800,000

5 $3,250,000

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7 $4,150,000

8 $4,600,000

9 $5,050,000

10 $5,500,000 Present worth = $22,419,192.19

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International communication competence (ICC)

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Intercultural communication competence (ICC) refers to the capability to engage in effective and suitable interactions across different cultural settings. Several elements constitute ICC, with significant factors being motivation, understanding of oneself and others, and embracing uncertainty

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take advantage of the strengths of others
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Yes, but it's primarily to clarify the unclear terms of the contract

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Breach of contract is a valid reason for action that reflects a common grievance where at least one party to the agreement does not adhere to what was reasonably expected of the anticipated transaction, either by failing to perform or obstructing the other party's fulfillment. A significant breach represents the most serious type of agreement violation. Such instances occur when a party has failed

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