After Execution of a Will, the Testator, by an Intentional

question 9

Multiple Choice

After execution of a will, the testator, by an intentional act of ademption, has the right to do all of the following EXCEPT:

• A)Add a beneficiary
• B)Revoke or cancel a testamentary gift
• C)Deliver the gift to the beneficiary before the testator's death
• D)Substitute a different gift for the original one

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Definitions:

Consolidation

Consolidation involves combining the financial statements of multiple subsidiary entities into those of a single parent entity, providing a unified view of financial performance and position.

Patent Account

An accounting record that reflects the value of patents a company owns, including costs associated with obtaining and protecting these intellectual properties.

Unamortized Patent

The portion of a patent's purchase cost that has not yet been expensed in the company's financial statements over the patent's useful life.