When an Executor Does Not Fully Perform the Task of Settling

question 8

Multiple Choice

When an executor does not fully perform the task of settling an estate, the new person appointed to complete the task is called an

• A) administrator de bonis non.
• B) administrator de bonis non cum testamento annexo.
• C) administrator cum testamento annexo.
• D) executor with the will annexed.

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Definitions:

Specialization In Production

The process by which individuals, businesses, or countries focus on producing a narrow range of goods or services to gain greater efficiencies.

Standard Of Living

Represents the level of wealth, comfort, material goods, and necessities available to a person, community, or society.

Medium Of Exchange

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.

Commodity Money

Money that has intrinsic value because it is made of materials that hold value, like gold or silver.