MATCHING: -The Requirement That Only a Person Who Stands to Lose

question 14

Multiple Choice

MATCHING:
-The requirement that only a person who stands to lose a pecuniary interest in a decedent's estate if a will is allowed may contest the will

• A)testamentary capacity
• B)testamentary intent
• C)publication
• D)interested witness
• E)operation of law
• F)standing
• G)in terrorem clause
• H)ambulatory
• I)attest a will
• J)revocation by subsequent writing

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Definitions:

Specific Assets

Assets that are designated for a particular use or service within a business, often tailored to particular operational requirements.

Appreciation

The increase in the value of an asset over time, which can affect investments, real estate, and other properties due to a variety of factors such as demand and inflation.

Default Risk

The risk that a borrower will not make the required payments on their debt obligations.

U.S. Treasury Bonds

Long-term government debt securities issued by the United States Department of the Treasury with maturity periods over 20 years, offering a fixed interest rate.