A Trust Must Have Which of the Following

question 71

Multiple Choice

A trust must have which of the following?

• A) Executor.
• B) Corpus.
• C) Testator.
• D) All of these.

Understand the concept of third-party beneficiaries and their classifications.

Comprehend the principles of contract delegation and conditions under which delegation is not permitted.

Identify and explain the roles and rights of parties within assigned and delegated contracts.

Analyze legal concepts surrounding the enforceability of noncompete agreements and their assignment.

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Definitions:

Medicare, Medicaid

United States government programs providing health coverage; Medicare is for people over 65 or with specific disabilities, Medicaid for individuals and families with limited income.

Private Insurance

An insurance service provided by non-governmental entities, covering health, life, and other areas, where premiums are paid for individual or group coverage.

Electronic Medical Record

Digital version of a patient's paper chart, containing medical and treatment history within one practice.

Messy Handwriting

Handwriting that is difficult to read due to irregular spacing, size, or slant of letters, potentially affecting communication.