Which Is a Gift of a Fixed Amount of Money

question 12

Multiple Choice

Which is a gift of a fixed amount of money from the assets of a testator's estate?

• A)General legacy
• B)Residuary legacy
• C)Specific devise
• D) Specific legacy

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Definitions:

Wealth Redistribution

The transfer of income, wealth, or property from some individuals to others by means of a social mechanism such as taxation, charity, welfare, land reform, monetary policies, confiscation, divorce or tort law.

Utilitarianism

Utilitarianism is an ethical theory that proposes that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Deontological Theory

A moral philosophy that emphasizes the importance of adherence to a set of duties or rules, suggesting that the morality of an action is primarily determined by its adherence to these rules, rather than by its consequences.

Kantianism

Kantianism is a philosophical doctrine based on the works of Immanuel Kant, emphasizing the principles of universal morality, duty, and the importance of intention behind actions.