Oct 11, 2006 22:04
A small window into the world of law school...
For much of his life, Darth Vader owned 1000 shares of stock in Stormtroopers Inc. Shortly before Vader's death, the company paid out its annual dividend in stock rather than in cash; in Vader's case, the dividend amounted to an additional 100 shares. Vader's will provides: "I give my 1000 shares of stock in Stormtroopers Inc. to my son, Luke, and the residue of my estate to my daughter, Leia." Under the majority view, how many shares of stock does Luke inherit? Under the Revised UPC?
Discuss.
Now that we have finished the section on wills, let me just say to all my friends: If you don't have a will, and you want all of your possessions to go to a spouse or significant other, get a will. Cause if you don't have a will, the odds are good your stuff will not be distributed the way that you want.