Ch. 48 Case Brief In re Estate of Piper BS 332 PDF

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Q6-15: From my understanding it is important to have some sort of a leverage for an investor to achieve more than that available to a 100% return. Having the ability to borrow that money is still risky; however, their return will be greater as well....

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1 Hunter Morrison Professor Winkler BS 332

Case Brief: In re Estate of Piper (1984) Citation: In re Estate of Piper 676 S.W.2d 897 Missouri Court of Appeals, Southern District, Division One September 10, 1984 Facts: On November 15, 1982 Gladys Piper died. When she passed away, a niece of hers took ownership of a couple of rings. One of Gladys’ friends stated that the rings had been previously given to her. Also, that they should be in her possession. That friend had been caring for Mrs. Piper over the previous few years. Clara fetched some witnesses to the podium in which they both were aware of times when Gladys had said that the rings and that they were to be Clara’s after she dies. The trial court decided in favor of Clara in which the rings were given to her. The heirs of Gladys appealed. Issue(s): For Clara, should those two rings be considered a gif? Decision(s): No. Reason: The trial was directed back to trial courts for a new judgment based on that reasoning, because The Appeals Court ruled that the rings had not been gifted to Clara. They stated this because there was not any strong evidence that the rings were ever constructively or literally delivered to her from Gladys herself.

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