Revocable Trusts Means

question 22

Multiple Choice

Revocable trusts means

• A)the transferor may not demand the assets be returned.
• B)income or estate tax savings for the grantor.
• C)the trust can be revoked.
• D)the grantor is always the beneficiary.

Understand the consequences of excessive groundwater withdrawal and management strategies for water scarcity.

Understand the different scales used to measure earthquakes.

Identify secondary effects of earthquakes.

Recognize the direct causes of earthquakes.

---

Definitions:

Express Warranty

A guarantee explicitly stated by a seller about the quality, functionality, or condition of a product.

Warranty Of Merchantability

A guarantee implied by law that goods sold will be fit for their ordinary purpose.

Disclaimer

A statement that denies something, especially responsibility, or a statement that specifies limits to a particular area of knowledge or information provided.

Warranty Of Merchantability

assures that a product sold by a merchant is fit for the general purpose for which it is sold, meeting a buyer's reasonable expectations.