Examlex

Solved

A(n)occurs When a Testator Makes Bequests of Money in the Will

question 19

Multiple Choice

A(n) occurs when a testator makes bequests of money in the will and the estate does not have enough money to pay all the bequests so they are paid proportionally.


Definitions:

Consideration

Something of value (such as money, goods, services, or promised actions) that is exchanged between parties in a contractual agreement.

Adequacy

Adequacy refers to the suitability of something to meet the needs in its context or the sufficiency in quantity or quality to fulfill a specific requirement.

Consideration

Something of value exchanged between parties within a contract, serving as the reason or motive for entering into the agreement.

Adequacy

The sufficiency to meet the needs or requirements; often assesses whether something is enough in quantity or meets a certain standard.

Related Questions