Which Court Has Original Jurisdiction to Determine Both the Validity

question 13

Multiple Choice

Which court has original jurisdiction to determine both the validity of a will and whether a person is mentally competent?

• A) Municipal court
• B) District court
• C) Justice of the peace court
• D) Supreme Court
• E) Probate court

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Definitions:

Trade Creditors

Trade creditors refer to suppliers from whom a business has purchased goods or services on credit, payable within a short period, typically less than one year.

Credit Checks

A review of an individual's or company's financial history, often performed by a lender or financial institution, to assess the risk of lending money or extending credit.

Interest-bearing Asset

A type of investment that earns interest over time, such as savings accounts, certificates of deposit, and bonds.

Default Risk

The risk that a borrower will not make the required payments on a debt.