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Transfer and business taxes by ampongan 6th sol man 2

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CHAPTER 2- DISCUSSION QUESTIONS a The document is a “will” because it deals with the disposition of the property of Maning upon her death b The disposition of the house and lot in Dagupan City and the Mitsubishi Adventure car are covered by a will, while the ownership of stocks in Sorsano Corporation is not Therefore, the succession is a mixed succession c Reynante is to be appropriately called as “devisee” because he will inherit the house and lot near Notre Dame of Dadiangas College , a particular real property in accordance with the provisions of a will, while Quintana will inherit a car (personal property) by virtue of a will, therefore, she is a “legatee.” d Fila is identified in the will to carry out its provisions Therefore, she is an “executor.” e The rights shall only be transmitted to Reynante upon the death of Maning Before death, he has a mere inchoate right on the property – 2, WORD SEARCH Devise Testator Holographic Probate e 10 Net estate Codicil Executor Heir Estate – ANSWERS : T T F T F F T T F 10 T

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