For a Will to Be Valid, the Maker Must Be

question 104

Multiple Choice

For a will to be valid, the maker must be all of the following, except

• A) the legal required age.
• B) mentally competent.
• C) free from undue influence from others.
• D) related to all beneficiaries listed in it.

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Definitions:

Securities

Financial instruments that hold monetary value, including stocks, bonds, and options, which can be bought and sold.

CFO

Stands for Chief Financial Officer, a senior executive responsible for managing the financial actions of a company.

Treasurer

A corporate officer responsible for overseeing the company's financial operations, managing its investments, and ensuring the organization's financial stability and compliance with laws.

Finance Department

A division within a company responsible for managing financial activities, including budgeting, forecasting, and investments.