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A Person Can Be Deemed Incompetent to Execute a Will

question 56

True/False

A person can be deemed incompetent to execute a will simply because they have a mental illness.


Definitions:

Bank Reconciliation

The process of comparing and contrasting the bank statement with a company's financial records to identify any discrepancies.

Bank Service Charges

Fees charged by banks for various services such as account maintenance, transactions, or overdrafts.

Deposit In Transit

Money that has been received and recorded by a company but has not yet been reflected in the bank's records.

NSF Check

A check that cannot be honored because the account on which it is drawn lacks sufficient funds, standing for "non-sufficient funds."

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