A Demonstrative Legacy Is a

question 60

Multiple Choice

A demonstrative legacy is a

• A) Gift of personal property that is directly identified.
• B) Cash gift from a particular source.
• C) Gift of estate property that remains after carrying out the other provisions of the will.
• D) Gift of real property.
• E) Gift of intangible property.

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Definitions:

Rack Jobbers

Distributors who place products in stores on consignment and retain ownership of the products while managing inventory and setup.

Limited-Service

Describes businesses or offerings that provide a smaller range of services compared to full-service counterparts, often to specialize or reduce costs.

Cash and Carry

A type of business model where goods are sold for cash and carried away by the buyer without delivery service.

Take Title

Involves the act of acquiring the legal rights and ownership of property or assets, commonly used in real estate and vehicle purchases.