FIN 502 Chapter Notes - Chapter 5: Income Statement, Collaborative Law, Sports Equipment

83 views5 pages
1 Feb 2016
Department
Course

Document Summary

Separation agreement: a contract between spouses in which they agree to live separate lives and set various conditions. Divorce: is granted by a court upon application by a petitioner. Divorce act governs all divorces in canada, and a divorce ends a marriage. Married couples: two people who completed a ceremony of marriage that is recognized by canadian law. Spousal couple: any two persons, same sex or opposite sex, who are living in a conjugal relationship, regardless of whether they are married. Family: any grouping of people whose affairs are so closely related that they plan their personal financial affairs together: only married spouses can claim property rights under the family. Law act on breakdown of a marriage: the succession law act allows an unmarried spouse to claim against the estate of a deceased partner as if they had been married. An unmarried spousal couple can create a cohabitation agreement.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents