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2. What happens to your bank account after you die? - AOL

   www.aol.com/finance/what-happens-to-bank-account...

   Adding a beneficiary or a joint account holder to your bank accounts is a great way to transfer assets to your family in a clear-cut way. You avoid the hassle of probate, and your assets are ...

3. Mistake (contract law) - Wikipedia

   en.wikipedia.org/wiki/Mistake_(contract_law)

   Mistake of fact is when both parties enter into agreement under a mistake as to a matter of fact essential to the agreement. This renders the agreement voidable. An erroneous opinion as to the value of the thing which forms the subject matter of the agreement is not to be deemed a mistake as to a matter of fact. [4]

4. Third-party beneficiary - Wikipedia

   en.wikipedia.org/wiki/Third-party_beneficiary

   A donee beneficiary can sue the promisor directly to enforce the promise. (Seaver v. Ransom, 224 NY 233, 120 NE 639 [1918]). A donee beneficiary is when a contract is made expressly for giving a gift to a third party, the third party is known as the donee beneficiary. The most common donee beneficiary contract is a life insurance policy.

5. Letter of credit - Wikipedia

   en.wikipedia.org/wiki/Letter_of_credit

   This bank will check the documents, and if they comply with the terms of the letter of credit, the issuing bank is bound to honor the terms of the letter of credit by paying the beneficiary. If the documents do not comply with the terms of the letter of credit they are considered discrepant. At this point, the nominated bank will inform the ...

6. What Happens If I Don't Name a Life Insurance Beneficiary? - AOL

   www.aol.com/finance/happens-dont-name-life...

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7. What Happens to Your Bank Account if You Die Without a ... - AOL

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   For premium support please call: 800-290-4726 more ways to reach us

8. Quitclaim - Wikipedia

   en.wikipedia.org/wiki/Quitclaim

   For example, when a spouse is to acquire the marital home as part of a divorce settlement, the other spouse may be able to transfer their full interest quickly and inexpensively via a quitclaim deed. [10] A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction.

9. Cheque - Wikipedia

   en.wikipedia.org/wiki/Cheque

   In addition the words 'or bearer' must not be used, or if pre-printed on the cheque must be crossed out on the payee line. If the cheque is crossed with the words 'Account Payee' or similar then the cheque can only be paid into the bank account of the person initially named as the payee, thus it cannot be endorsed to a different payee.