Testamentary Capacity Includes

question 48

Multiple Choice

Testamentary capacity includes

• A) statutory age of adulthood and understanding of the obligation to be truthful.
• B) contractual capacity.
• C) understanding of assets and effect of a valid will.
• D) never having been declared to be legally incompetent.

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Definitions:

Social Regulation

Consists of policies and rules designed to correct behaviors that are not in the best interest of society, including environmental protection and worker safety.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.

Harmony

A state of peacefulness or agreement in feelings, actions, ideas, or interests among individuals or groups.

Antitrust Laws

Legislation enacted to prevent monopolies, promote competition, and ensure fair business practices in the marketplace.