Megan, Who Has No Heirs or Next of Kin, Makes

question 50

Multiple Choice

Megan, who has no heirs or next of kin, makes a will leaving her estate to her best friend, Pat. If Megan's will is witnessed by only two instead of three people as required by her state statute, upon her death her estate will:

• A) go to Pat without court involvement.
• B) escheat to the state.
• C) go through probate, at which time the court will try to determine Megan's intent as to disposition and follow that intent.
• D) be given to a charity as determined by the probate court.

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Definitions:

Intertype Competition

Competition between retailers that offer different types of formats or products, such as physical stores versus online platforms.

Scrambled Merchandising

A retail strategy where a store sells a wide variety of unrelated products to increase foot traffic and sales.

Dual Distribution

A distribution strategy where a company sells its products both directly to consumers and through intermediaries.

Mixed-Line Merchandising

A retail strategy that involves offering a wide variety of unrelated products in a single store to attract diverse customers.