Which of the Following Is NOT a Condition of Competency

question 95

Multiple Choice

Which of the following is NOT a condition of competency to execute a will?

• A)The testator needs to know the nature and extent of his or her property.
• B)The testator may lack the necessary mental capacity to execute a valid will.
• C)Testators must know at the time of making their wills that they are making their wills.
• D)They must know the "natural objects of [their] bounty."

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Definitions:

S&P Rating

A credit rating given by Standard & Poor's, evaluating the creditworthiness of a borrower, ranging from AAA (excellent) to D (in default).

Investment Grade

A credit rating indicating a low risk of default, used to classify bonds that are considered safe investments.

BBB

A bond credit rating given to a medium credit quality debt instrument, indicating moderate risk.

Primary Market Transaction

Deals with the issuance of new securities directly from the issuer to investors.