the estat (patrimony) Flashcards
1
Q
assets and liabiltiies define
A
assets = household goods , NOT ALIFERENT, lease s,16 LIABILITIES= debts cannot pass ddebts onto family memebers but theor debt may be secured against their property.
2
Q
debts example
house worth 300k
debts = 290k
A
house sold to pay creditor and the issue/ relict would inherit the 10k
3
Q
s.14 s.36 succession scot act
A
gen rule that a personal obl transmits against the personal rep of the obliger
s. 14- state admin the exec
s. 36 defines estate
4
Q
s.2 damages scot act
A
a claim for solution on the transfer to the executor of the deceased of the deceased
if dead how continuing injury that claim passes to the exec
5
Q
legal rights
A
on net value of movable estate
6
Q
incident of debts
A
which estate pays off debts - real right s come from heritable property
7
Q
IPL
A
cross boarder whether bank account is heritable/ movable
