When a Legatee or Devisee Dies Before the Testator, a Gift

question 4

Multiple Choice

When a legatee or devisee dies before the testator, a gift to that person in the testator's will is

• A) a lapsed legacy or devise.
• B) adeemed by extinction.
• C) adeemed by satisfaction.
• D) exempt property.

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Definitions:

Bank Fraud Statute

A legal provision aimed at fighting fraudulent activities targeting financial institutions, including deception for financial gain against banks.

Property Rights

are legal rights to possess, use, and dispose of assets or property.

Retribution

A principle of justice where the punishment is proportionate to the crime committed, aiming for moral balance.

Criminal Prosecutions

The process of charging someone with a crime and conducting a trial to determine guilt or innocence.