A Properly Executed Codicil Has

question 26

Multiple Choice

A properly executed codicil has

• A) the effect of reestablishing an improperly executed will.
• B) no effect on an improperly executed will.
• C) no effect on a properly executed will.
• D) none of the above.

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Definitions:

Risk Assumption

The act of taking on the potential for loss or harm as part of a project, investment, or business, often in pursuit of a reward.

Entrepreneur

An individual who creates, launches, and manages a new business, typically taking on significant financial risk.

Controlling

In management, it involves monitoring performance, comparing it with goals, and taking corrective action as needed.

Entrepreneurial Idea

An innovative concept or solution that can be transformed into a viable business opportunity.