In Order to Be Valid, a Will Must Generally Include

question 48

Multiple Choice

In order to be valid, a will must generally include all but which one of the following?

• A) Signature of the testator.
• B) A written document.
• C) Signatures of witnesses.
• D) Signature of the executor.

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Definitions:

Discounted Note

A promissory note issued at a price lower than its face value, with the distinction being the interest earned by the lender.

Discount Rate

The interest rate charged to commercial banks and other depository institutions on loans they receive from the Federal Reserve's discount window.

Note Payable

A written promise to pay a specific amount to a party on a certain date or on demand. It is a liability in the books of the borrower.

Due Date

The specified date by which a payment must be made, or a task or assignment must be completed.