Which of the Following Statements Is True of a Testator's

question 2

Multiple Choice

Which of the following statements is true of a testator's signature on a will?

• A)The testator's signature must be obtained in the presence of the sole beneficiary as the principal witness.
• B)The will need not be signed by the testator if it was already attested by witnesses.
• C)The use of nicknames and honorary titles to sign a will render it unenforceable and invalid.
• D)The testator's signature must appear at the end of the will to prevent chances of any fraud.

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Definitions:

Working Capital

Working capital is the difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.

Debt Covenants

Agreements or conditions included in debt contracts that the borrower must adhere to, designed to protect the lender by restricting the borrower’s activities and enhancing the likelihood of debt repayment.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Debt Securities

Financial instruments representing money borrowed by an issuer to be repaid with interest, such as bonds, notes, and bills.