Which of the Following Statements About Powers of Appointment Is

question 10

Multiple Choice

Which of the following statements about powers of appointment is false?

• A) Powers can be mere or fiduciary, depending upon whether the donee has obligations in relation to the exercise of the power.
• B) A power exercisable by will is known as a testamentary power.
• C) A power of appointment exercisable by will can also be exercised by deed.
• D) The donee of a general power of appointment can choose to make an appointment in his or her own favour.

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Definitions:

Engineering Change Notice

A document used in engineering and manufacturing that outlines modifications to a product's design or manufacturing process.

BOM

Bill of Materials; a comprehensive list detailing the materials, parts, and components needed to manufacture a product.

Bill Of Material

A comprehensive list detailing all materials, parts, and assemblies required to manufacture a product.

Material Requirements Planning

A computer-based inventory management system used to manage manufacturing processes by determining material requirements and scheduling production.