What Happens When Someone Dies with Two Valid Wills,neither of Which

question 56

Multiple Choice

What happens when someone dies with two valid wills,neither of which has been revoked?

• A) The earlier will is always followed.
• B) The later will is always followed.
• C) The survivor decides which will more accurately reflects the testator's wishes and that will is followed.
• D) Both wills are followed,but where inconsistent,the later one controls.
• E) Neither will is followed because the testator lacked capacity by having two wills outstanding.

Understand the implications of trade on output and consumption in different economies.

Recognize the potential for mutual benefits from trade between individuals or nations.

Understand how trade can lead to an increase in overall economic efficiency and output.

Understand the principle of comparative advantage and its implications for international trade.