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Thomas Richards dies leaving a Will in which he names Susan Wilson as estate personal representative (“PR”). That will is admitted into probate and Susan is appointed estate P.R.   Susan is diligent in securing the necessary bond, she timely files all required Court documents dealing with the estate, etc. In the course of determining the assets of the Richards estate, Susan locates a Confessed Judgment Promissory Note (the “Note”) where Thomas loaned Susan’s brother, Samuel, $150,000.00. While Thomas was still alive, Samuel was in default on the timely and periodic Note repayment. Since Thomas’ death, no payments have been made by Samuel to the Estate. What should Susan do, if anything, with regard to this Note which is a potential estate asset?

Use the following Case Scenario, Subjective Data, and Objective Data to answer the Critical Thinking Questions.

1.Discuss three main organizational forms used in forming a business. Your response should be at least 75 words in length.Cited

John Webster creates a Power of Attorney document naming you as his Attorney In Fact. You serve in that capacity until John is killed in an automobile accident. What, if anything, happens to those powers granted to you in that Power of Attorney document as a result of John’s death?

Do you agree with Fred’s decision to use the third vendor? Using concepts from the chapter, explain your answer.