Which of the Following Indicates That a Testator Lacks Mental

question 25

Multiple Choice

Which of the following indicates that a testator lacks mental capacity?

• A)The testator suffers from insane delusions.
• B)The testator has a low level of intelligence or suffers from a mental illness or senility.
• C)The testator does not remember the persons who are the "natural objects of his or her bounty."
• D)The testator is neglectful of his/her person and makes a will containing eccentricities.

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Definitions:

Credit Histories

Records that detail an individual's or entity's past borrowing and repayment activity, including any late payments, defaults, and current levels of indebtedness.

Asymmetric Information

A situation in which one party in a transaction has more or better information than the other, often leading to an imbalance in power or unfair outcomes.

Cost of Borrowing

The total expenses, including interest and fees, associated with taking out a loan.

Lemons

In economics, it refers to low-quality or flawed products that are difficult to identify prior to purchase, notably used in the context of the used car market.