A Bond Is a Written Promise by the Personal Representative

question 10

True/False

A bond is a written promise by the personal representative to pay the amount of the bond to the court if the representative does not faithfully perform his duties.

---

Definitions:

Alternative Hypotheses

Statements positing a specific relationship or difference between variables, considered when the null hypothesis is suspected to be false.

Test Statistic

A value derived from sample data used in hypothesis testing to determine whether to reject the null hypothesis.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between specified populations or parameters.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis by stating there is a statistically significant effect or relationship between variables.