Scott types up a will. Scott's will says upon his death all of his property goes to Ricardo. Scott signs his will before two witnesses. After drawing up the will, Scott gets into a fight with Ricardo and decides to change his will. After the fight, Scott takes a pen and crosses out Ricardo's name and writes Mike's name. Scott also has a wife, Ally. Assume the state where Scott lives does not recognize holographic wills. Upon his death, who would recover Scott's property? a. Ricardo. The change is not a valid amendment to his will
b. Mike. The change Is a valid amendment to his will
c. Ally. The change invalidates the will and she takes through intestacy
d. The State. The attempt to change the will revokes the will and his property is given to the state,

a. Ricardo. The change is not a valid amendment to his will

Explanation:

The state they are in does not recognize holographic wills. A holographic will is one that is handwritten by the testator (Scott) and is not signed in front of witnesses or notarized.

The first will by Scott was typed and signed in front of witnesses. It is therefore recognized by the state they are in. Scott makes the correction to the will with a pen (handwritten) and does not do so in the presence of witnesses so the correction makes it holographic.

This will not be recognized by the state and so the original will is the valid will and will see Ricardo recover the property.

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.