When Steven Simkin and Laura Blank divorced, they agreed to split their assets equally without specifically mentioning any stock accounts. They owned an account with Bernard L. Madoff Investment Securities estimated to be worth $5.4 million. Simkin kept the account and paid Blank more than $6.5 million, including $2.7 million to offset the amount that they believed was in the account. Two years after the divorce agreement was signed, Simkin learned that the account actually contained no funds due to its manager's fraud
1. Did Steven and Laura have a contract?
2. What was the subject of the contract?
Answers: 2
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When Steven Simkin and Laura Blank divorced, they agreed to split their assets equally without speci...
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