When a Testator Provides for a Bequest of His Gold

question 46

Multiple Choice

When a testator provides for a bequest of his gold watch to his nephew, but the gold watch is not owned by the testator at the time of death: __________.

• A) the nephew is entitled to an equivalent amount of cash.
• B) the executor must purchase a similar gold watch for the nephew if funds are available.
• C) the bequest to the nephew fails by ademption.
• D) all legacies in the estate abate to provide funds to purchase a gold watch for the nephew.

---

Definitions:

Union Representation

The act of being represented by a labor union or trade union in negotiations and legal matters with an employer.

Card-Signing Campaign

A union organizing strategy where employees sign cards indicating their support for union representation in the workplace.

Distributive Bargaining

A negotiation strategy that involves a fixed amount of resources being divided between parties, often leading to a win-lose scenario.

Win-Lose Situation

A competitive scenario where one party's gain is inherently due to another party's loss, emphasizing a zero-sum outcome.