Match the Most Appropriate Term to the Definition

question 44

Multiple Choice

Match the most appropriate term to the definition.
-Dies with a valid will

• A)per stirpes
• B)intestate
• C)personal representative
• D)spouse
• E)codicil
• F)incorporation by reference
• G)probate
• H)creditors
• I)witness
• J)petition
• K)will contest
• L)per capita
• M)forced share
• N)heir
• O)testate
• P)fiduciary
• Q)execute
• R)oral will
• S)revocation
• T)testamentary capacity

Identify the legal consequences of non-disclosure and silence in the context of fiduciary duties or special relationships.

Discern the significance of arm's length transactions and how they relate to contract obligations and fairness.

Understand the concept of scienter and its importance in establishing fraud.

Differentiate between mistakes in contract terms and how they affect contract enforceability.

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Definitions:

Payroll Tax Forms

Official documents used to report employment taxes withheld from employees' paychecks to governmental tax authorities.

Form 940

A tax form used in the United States to report annual Federal Unemployment Tax Act (FUTA) tax details to the Internal Revenue Service (IRS).

Form 941

The IRS tax form used by employers to report quarterly federal income tax withheld and Social Security and Medicare taxes.

Weekly Timesheet

A record used to detail the number of hours worked by an employee during a specific week, often used for payroll purposes.