Question: Questions: 1. Explain the difference between real property and personal property. What is a fee simple? List and define the other ways in which ownership

Questions:

1. Explain the difference between real property and personal property. What is a fee simple? List and define the other ways in which ownership rights in property can be held.

2. What is the difference between an insurance agent and an insurance broker? Why is this difference significant for people seeking insurance coverage?

3. What are the rights and duties of parents for their children? What are the legal obligations of parents to children born out of wedlock and adopted children? Can parents be held liable for their children's wrongful acts?

4. What are the requirements for marriage? Can same-sex couples marry? On the termination of a marriage, how is property divided? What is separate property? Community property?

5. List the requirements of a valid will. Why is it important to check the laws of your state for the requirements of a will? What laws govern the distribution of the estate of a person who dies without a valid will?

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