To Be Valid,a Will Must

question 5

Multiple Choice

To be valid,a will must:

• A)be notarized.
• B)be recorded in a court of law.
• C)be signed in the presence of two witnesses.
• D)be orally stated in front of two witnesses.
• E)not name an executor as the court will appoint one.

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Definitions:

Social Structures

The complex framework of societal institutions (such as the economy, politics, and social norms) and the relationships between these entities that shape a society's organization.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, transforming economies from agrarian to industrial.

Economic System

An economic system is the structured way a society allocates resources, distributes goods and services, and facilitates production and consumption patterns among its population.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.