MATCHING: -The Cancellation of a Will by the Writing of a a New

question 9

Multiple Choice

MATCHING:
-The cancellation of a will by the writing of a new will or the adding of a codicil to 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:

Ethical Conduct

Behavior that is consistent with principles of moral and ethical standards, which guide decision-making and actions.

External User

External User refers to individuals or entities outside of a company who use its financial statements to make decisions, such as investors, creditors, and regulatory agencies.

Federal Government

The national government of a federated state, which holds the authority to govern the issues that affect the entire country.

Financial Accounting Standards Board

An independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.