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:

Deposits

Funds placed into an account in a bank or financial institution for safekeeping or to earn interest.

Compounded Monthly

Describes the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Mortgage

A loan used to purchase real estate, secured by the property itself, which the borrower is obligated to pay back with a predetermined set of payments.

Balance

The amount of money in a financial repository, such as a bank account, at any given time, or the equilibrium state of an account after considering all debits and credits.