Question: Michael and Nora Hoth married, divorced, remarried, divorced again, then cohabited from 1998 to 2008 without further remarriage. In 2006, Michael bought a house and

Michael and Nora Hoth married, divorced, remarried, divorced again, then cohabited from 1998 to 2008 without further remarriage. In 2006, Michael bought a house and five acres with his own money. Without discussion with Nora, Michael put both of their names on the deed "in case something happened" to him. Thereafter, Nora, Michael, and Michael's mother lived on the property. Michael paid the real estate taxes and other bills. Nora and Michael ended their relationship in 2008. Nora moved out and sued to partition the property, claiming half ownership. The evidence indicated that Michael put Nora's name on the deed to give her the property only when and if she survived him, so that his mother and children would be provided for. Was Nora an owner of the property?

Step by Step Solution

★★★★★

3.53 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

No Michael was able to rebut the presumption of equal ownership by showing that he and Nora were n... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

310-L-B-L-P-C-L (573).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

The ARC Company specializes in developing and selling a wide range of high-quality scooters. Sales representatives report that there is a growing demand for racing scooters. ARC's president, Robin...

Owner listed his house with Penelope, a real estate broker, granting Penelope an exclusive right to sell Owner's house. Penelope entered into negotiations with Buyer, who seemed interested in...

When real estate is sold, the years property taxes are allocated to the vendor and the purchaser in proportion to the number of days that each party owns the property during the year. If the...

Nora is starting a business. If she invests X dollars, she will be able to sell the business for 100 dollars, which means the marginal benefit of an additional dollar of investment is 50/. Nora's net...

Anne recelved the following payments when she was seriously Wured at her job $18,000 dinability pay. Anne had disability insurance provided by her employer as a nontaxable fringe beredt. Her employer...

This uz: 14 pts possible Taxable income. Nick and Nora are married and file jointly. They have an adjusted gross income of $50,800. They have temized deductions of $23,100. However, for 2018 the...

Taxable Income. Nick and Nora are married and file jointly. They have an adjusted gross income of $ 4 3 , 1 0 0 . They have itemized deductions of $ 2 1 , 9 0 0 . If Nick and Nora's itemized...

Nora is employed as the Associate Vice President of Marketing and Branding for Royal Food Distributors Ltd. (RFDL), a Canadian controlled private corporation (CCPC). RFDL creates relationships with...

write a tax memo 1 / 1 Du Tax Memo Exercise Mike Sr. has two sons Michael Jr. and Greg. They are all employed full-time in the family business, Burro Feed & Supply (BF&S). BF&S is a C-Corporation...

Practice Set 2-is the basis for Project Set 3 and your Project. Michael Canton works for a small company called the Epic Company. He is the manager. The company provides web design and computer...

How many taxpayers do you think follow the gross income rules for treasures and finds? Do you agree with the federal governments application of tax laws related to treasures and finds? Explain your...

Fence posts for a particular job cost $10.50 each to install, including the labor cost. They will last 10 years. If the posts are treated with a wood preservative they can be expected to have a...

) Right, because if she did you WON'T be liable. Kate Okay, how could she have given me authority? Told you to specifically buy that car. If she told you to specifically buy that car. Or , if she...

Suppose a U.S. importer purchases an Italian product today but will not pay for it for 90 days. The cost of the product today is 30,000 Euros. The spot exchange rate today is .6233 Euros per dollar....

Polar, Inc. purchased the following property in 2016: Computer $450,000 Purchased on 4/28/2016 Furniture $175,000 Purchased on 6/9/2016 Polar has taxable income (before taking into account any 179...

Evaluate the evidence to determine whether the financial statements are prepared in accordance with the applicable financial reporting framework. Consider step 2 of the decision phase of the audit...

Calculate the expected reimbursement for the following DRGs. Community Hospital has a Labor amount of $3,260; a wage index of 0.8934; and a non-labor amount of $2,000 MS DRG DESCRIPTION Relative...

Prepare a posting in which you summarize your experiences in this course and discuss any insights you have gained in the history of consumption culture. Also, discuss how this information can be...

2. Why would propertycasualty insurers hold more shortterm liquid assets to manage liquidity risk than life insurers hold?

What accounts for gender differences in aggression? Include relevant research findings in your answer.

Define cognitive scripts and how they may be applied in situations where spontaneous violence could occur.

Define weapons effect and discuss how it may account for some of the violence in today's society.

I NEED ANSWER "B" Howell Petroleum, Incorporated, is trying to evaluate a generation project with the following cash flows: a-1.What is the NPV for the project if the company requires a return of 12...

Winnebagel Corp. currently sells 29,900 motor homes per year at $82,500 each and 8,900 luxury motor coaches per year at $124,500 each. The company wants to introduce a new portable camper to fill out...

You are an investor with a quadratic utility function ( i . e . , mean - variance preferences ) , in a CAPM world comprised of the following three uncorrelated risky assets, and the risk free asset....