Don executes a will leaving half of his farm to his spouse elsie and the rest to his sons, frank and greg, in equal shares. the will disinherits a third son, hal. don and elsie divorce, but don dies before changing his will. under the uniform probate code a. elsie receives half of the farm, and frank and greg share the rest. b. elsie receives half of the farm, and frank, greg, and hal share the rest. c. frank and greg receive the entire estate in equal shares. d. the state inherits the entire estate.

Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers? a. change the corporation's formal documents to make it easier for outside investors to acquire a controlling interest in the firm through a hostile takeover. b. eliminate a requirement that members of the board of directors must hold a high percentage of their personal wealth in the firm's stock. c. for a firm that compensates managers with stock options, reduce the time before options are vested, i.e., the time before options can be exercised and the shares that are received can be sold. d. pay managers large cash salaries and give them no stock options. e. beef up the restrictive covenants in the firm's debt agreements.