Which Is NOT a Standard Clause or Provision of a Will

question 6

Multiple Choice

Which is NOT a standard clause or provision of a will?

• A)Specific testamentary gifts
• B)Provision for residue of estate
• C)Testator's signature
• D)Power of attorney

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.

Perfectly Inelastic

Refers to a scenario in which the amount demanded or supplied shows no reaction whatsoever to changes in price.

Total Revenue

The total amount of money earned by a business from the sale of its goods and services.

Price-elastic

Refers to the responsiveness of demand or supply to changes in price, with high elasticity indicating significant response to price changes.