MATCHING: -A Testator's Act of Specifically Depriving Someone Who Would Otherwise

question 21

Multiple Choice

MATCHING:
-A testator's act of specifically depriving someone who would otherwise be that testator's legal beneficiary

• A)spendthrift
• B)life estate
• C)disinheritance
• D)dividend
• E)fair market value
• F)homestead
• G)receivables
• H)life insurance
• I)contract for deed
• J)primary beneficiary

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Definitions:

Organizational Buyers

Organizational Buyers are entities like companies, governments, and institutions that purchase goods or services for use in production processes, for resale, or for operational needs.

Services

Economic activities that provide intangible benefits or fulfill the needs of consumers, such as consulting, banking, or repair.

Intangible Items

Items that cannot be touched or physically measured, such as services, digital products, or intellectual property.

Physical Objects

Material things that can be seen and touched.