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In Certain Instances Statutes Provide That a Change of Circumstances

question 45

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In certain instances statutes provide that a change of circumstances, such as the marriage of a testator, has the effect of a revocation.

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Definitions:

Complements

Complements are goods or services that are used together, where the increase in the consumption of one leads to an increase in the consumption of the other.

Price Elasticity

An index indicating how the amount of a product demanded or supplied changes in response to a price variation.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a particular period of time.

Price

The amount of money expected, required, or given in payment for something, often determined by the conditions of demand and supply.

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