Examlex
Which of the following beneficiaries is considered a lineal descendant of the testator?
Nonprofit Organization
An organization that operates for the public or social benefit, rather than for the purpose of making profits for owners or shareholders.
American Red Cross
The American Red Cross is a humanitarian organization that provides emergency assistance, disaster relief, and education inside the United States.
Contribution Margin
The amount by which a product's sales revenue exceeds its variable costs, indicating how much contributes to covering fixed costs and generating profit.
Shareholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities; also known as stockholders' equity, representing the owners' equity in the company.
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