A Will Can Be Used to Convey Documents Owned by the Testator

question 75

True/False

A will can be used to convey documents owned by the testator as a form of personal property but not documents filed with a court which become public property.​

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Definitions:

Order of Cash

The prioritization or sequence in which cash transactions are processed or recorded.

Order Paper

A negotiable instrument that is payable to a specific person or entity named on the document, requiring endorsement for transfer.

Negotiated

A process where two or more parties discuss terms and conditions to reach a mutual agreement.

Specific Payee

An individual or entity designated to receive a particular payment or benefit from a contractual agreement.