Under English Law, the Right of a Widow to a One-Third

question 8

Multiple Choice

Under English law, the right of a widow to a one-third life estate in all real property owned by the husband during the marriage was called

• A) a spouse's elective share.
• B) curtesy.
• C) dower.
• D) exempt property.

---

Definitions:

Sales Discounts

Sales discounts are reductions in the selling price offered to customers, often as an incentive for early payment or bulk purchases.

Inventory Balance

The value of goods available for sale at the end of an accounting period.

Plant, Property

Long-term tangible assets owned by a business, used in operating activities, and not expected to be consumed or converted into cash short term.

Equipment

Tangible assets used in the operation of a business that have a useful life beyond a single accounting period.