MATCHING: -Replaced by the Term Devise Under the UPC

question 23

Multiple Choice

MATCHING:
-Replaced by the term devise under the UPC

• A)succession
• B)testacy
• C)statutory will
• D)legacy and bequest
• E)escheat
• F)nuncupative will
• G)holographic will
• H)living will
• I)affinity
• J)consanguinity

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Definitions:

Shareholder's Derivative Suit

A lawsuit filed by a shareholder on behalf of a corporation against a third party, often an insider of the corporation, alleging harm to the corporation.

Dividend

A distribution of corporate profits or income ordered by the directors and paid to the shareholders.

Direct Suit

A legal action initiated directly against an individual or entity without the need for intermediary processes.

Administrative Complaint

A formal allegation or charge filed with a governmental or regulatory agency, often related to violations of laws or regulations.