Legal Documents

1. A legal document is a/an:

• agreement between two or more persons that is intended to be enforceable in a court of law.

• Declaration that clearly starts the way in which a person’s assets should be distributed after his/her death

• Brief statement of the nature of a business document.

• agreement made between a buyer and a lessee

  
  

Mr. Caines owns Caine Pool Cleaning Services which has three (3) vehicles and its own swimming pool cleaning equipment. He also owns two (2) rental buildings. All of these are referred to as Mr. Caines':

• liabilities

• assests

• executory property

• benefices

Mr. Caines from question # 2 also has several bank accounts and has over $300,000 in cash in them. A collective name given to everything Mr. Caines owns is:

• estate

• liabilities

• profit

• cash security

A testator/testatrix is a person(s):

• that will receive a person’s assets

• who lease another person’s assets

• the person's whose will is been prepared

A person responsible for ensuring that the terms of a will is carried out is referred to as:

• testator or testatrix

• Lessor or Owner

• executor or executrix

• Lessee or Tenant

Ryan has a building that he rents to Jane. Ryan is therefore a:

• Landlord/Lessor

• Tenant/Lessee

• Grantor/Vendor

Susan wants to power wash her house, if she enters into an agreement to get the power wash machine from Tim for a price what will she be known as?

• A Lessor

• A Executor

• A Lessee

• A Depositor

A security deposit is a sum of money that a person pays:

• for rented furniture

• monthly for housing

• to a lawyer to prepare a will

• in advance to secure a property or to pay for damages that may occur during a rental period

A Last Will and Testament is a official legal document that:

• expresses a person's (testator) wishes as to how their property/estate is to be distributed after their death

• transfers property from one owner to another.

• is used in the construction industry in which materials, parts, and labor (and their costs) are itemized.

• one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment.

Sharon received all of the property from her great-grandfather after his death. This means that in his will, Sharon was named as his:

• Tenant

• Beneficiary

• executrix

• Landlord