Which Is NOT a Disadvantage of Using a Preprinted Will

question 14

Multiple Choice

Which is NOT a disadvantage of using a preprinted will form?

• A)A preprinted will form is expensive to use.
• B)A preprinted will form is easily forged.
• C)A preprinted will form might not meet the special needs of the testator.
• D)Words on preprinted forms are often crossed out or deleted by ink or type.

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Definitions:

Interest Due

The amount of interest that has been incurred on a loan or debt but has not yet been paid.

Adjusting Entries

Adjusting entries are journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Loan Repay

Loan repayment is the act of paying back borrowed funds to the lender, typically in installments that include both principal and interest.

Notes Payable

Financial obligations represented by written promissory notes requiring the borrower to repay the amount borrowed plus interest.