For Each of the Following Items, Insert the Best Term

question 63

Multiple Choice

For each of the following items, insert the best term or phrase. An answer choice may be used more than once, but only one choice is the best for each descriptive phrase.
-The fiduciary in charge of a trust.

• A)Complex
• B)Decedent
• C)Executor
• D)Grantor
• E)Administrator
• F)Reversionary
• G)Simple
• H)Sprinkling
• I)Trustee

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Definitions:

Morality

Principles or standards determining which actions are right or wrong, often based on ethics, culture, or religion.

Values

Fundamental beliefs or standards that guide behavior and decision-making.

Custom of the Sea

A maritime practice which justifies extreme measures for survival at sea, historically including cannibalism.

Duty-Defined Morality

A framework in ethics where the moral status of an action is based on whether it is in accordance with a set of duties and rules, rather than on the consequences of the action.