Classify Each of the Following Independent Statements

question 129

Multiple Choice

Classify each of the following independent statements:.
-Note receivable issued by a grandson and forgiven by the decedent in her will.

• A)Some or all of the asset is included in the decedent’s gross estate.
• B)None of the asset is included in the decedent’s gross estate.

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Definitions:

Importance

The state or fact of being of great significance or value.

Implicit Premise

A premise that is assumed by an argument but is not stated.

Plane Ticket

A document, issued by an airline or a travel agency, to confirm an individual's entitlement to a seat on a flight on an aircraft.

Bus

A large motor vehicle designed to carry passengers along designated routes.