Scott,an Independent Businessman,is Asking His Wife to Pledge Her Inherited

Multiple Choice

Scott,an independent businessman,is asking his wife to pledge her inherited family homestead towards a business loan he has arranged at the bank.She seems perfectly willing to do this.Yet,to avoid a possible later legal claim of undue influence by Scott's wife,which would be wisest for the bank to do?

A) have Scott's wife get independent legal counsel
B) explain very carefully what would transpire
C) place all transactions under seal
D) have the wife sign a paper to the effect that she was not unduly influenced
E) have Scott's lawyer thoroughly explain to Scott's wife the legal implications