Part Two - Read the fact patterns and answer the following questions.

i. Mr. and Mrs. Purple owned their matrimonial home as joint tenants. During their marriage, Mr. Purple demanded on several occasions that Mrs. Purple and her children (Mr. Purple's stepchildren) leave, only to later reconcile. Prior to his death, the husband obtained a divorce and applied for division of the matrimonial home according to relevant legislation, but Mr. Purple died before the property division occurred. The Administrator of the estate applied for property division under the relevant legislation. The issue that arose was whether or not the home formed part of Mr. Purple's estate or whether it passed to Mrs. Purple by way of survivorship.

a. Read Dunn Estate v. Dunn, along with the course text book and determine whether the house formed part of Mr. Purple's estate or it passed to Mrs. Purple by way of survivorship. Be sure to explain your answer, and provide examples where appropriate. (worth five marks)

ii. David Yellow owned and operated Yellow's General Hardware Store, as well as the land and buildings where he carried on business. His younger brother, John, worked for him as a manager. His daughter, Susan, also worked for Mr. Yellow. David died, leaving a will in which he gave his business and real property to John for life, with the remainder to Susan. John and Susan could not agree on how to run the business or take care of the property. Ultimately, John fired Susan. Over the next few years, the business did poorly and John allowed the warehouse and other buildings on the property to fall into a state of disrepair.

a. Susan commenced a lawsuit to force John to keep the buildings and property in a state of repair.What is the likelihood that she will be successful? Explain your answer. (worth five marks)

b. John died and in his will he left the entire estate, including the business and buildings to his wife. Who has entitlement in this situation? Explain your answer. (worth five marks)

Question 30 (1 point) Dakota Manufacturing has a contract with Big Box Stores to furnish 10,000 widgets no later than April 15. It takes 14 days to make the widgets. When Dakota's widget 12 of 13 stamping machine breaks on March 20, it orders a new one from Widget Equipment, Inc. (WED) at a cost of $5500. Dakota tells WEI that it must have the new machine by April 1 or it will lose $10,000 for failure to perform its contract with Big Box. WEI does not deliver the widget stamping machine until April 5 and Dakota is unable to fulfill its contract with Big Box. Dakota can recover from WEI: O $5500 in compensatory damages. O $10,000 in consequential damages. O both A and B. 0 50. SaveHelp Center (? D Question 5 3 pts National Account Value Government Infrastructure spending 100 Government Military Spending 182 Social Security Payments 124 Social Security Tax 147 Total Consumption Total Investment 19 Net Exports 23 Welfare Payments 171 Taxes, Less transfers & Interest Payments 0 Using the above national income accounts, calculate government saving * Previous Next . MacBook Air22) These are powers given explicitly to the national government and listed in the Constitution: a. delegated b. necessary c. implied d. reserved e. none of the aboveThrough the grants of power in the Constitution, the framers sought to O A. define the powers of state governments. O B. create a government in which sovereignty was invested in the national government only. O . both empower government and limit it. O D. enumerate the rights of individuals. O E. abolish slavery.QUESTION S 1 points 01. The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) always equals the interest rate. the marginal propensity to invest (MPD. QUESTION 6 points The spending multiplier is defined as: the ratio of the change in equilibrium ral GOP to the initial change in sponding the change in initial spending divided by the change in personal income. () 1/(marginal propensity to consume). 1/(1 - marginal propersity to save). QUESTION 7 points The school of economic thought which argues that through tax reductions, and deregulation, goverment creates the proper incentives for the private sector to increase aggregate supply is known as thes rational expectations school, )noo-Keynesian school. supply-side school. O now classical school. dassical school. QUESTION S 1 points The marginal properity to consume measures the ratio of the O average amount of our income that we spend. O average amount of our savings that we spard. O change in consumer spending to a change in money holdings. O) change in consumer spending to a change in interest rates. change in consumer spending to a change in income. QUESTION A Click Sare and Submit to save and submit. Click Save All Answers to save all anusers. Save Al Answers MacBook Air