Solved

Scott, an Independent Businessman, Is Asking His Wife to Pledge

Question 23

Multiple Choice

Scott, an independent businessman, is asking his wife to pledge her inherited family homestead towards a business loan he has arranged at the bank. She seems perfectly willing to do this. Yet, to avoid a possible later legal claim of undue influence, which would be wisest for Scott to do?


A) Have his wife get independent legal counsel.
B) Explain very carefully what would transpire.
C) Have the wife sign a paper to the effect that she was not unduly influenced.
D) Have his business lawyer explain thoroughly the legal implications.
E) Place all transactions under seal.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents