All of the Following May, in General, Revoke a Will

question 93

Multiple Choice

All of the following may, in general, revoke a will by operation of law EXCEPT:

• A)subsequent marriage.
• B)subsequent divorce, as far as a provision in the will of one party for the benefit of the other.
• C)birth of a child.
• D)All of the above revoke a will by operation of law.

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Definitions:

Preferred Stock

A type of equity security that has a priority claim on a company's assets and earnings before common stock, usually with fixed dividends and no voting rights.

Paid-In Capital Excess

The amount of equity a company generates that is above the par value of its shares, often arising from the initial sale of its stock.

Par Value

A nominal value assigned to a security or stock, often used in accounting to represent the standard or face value.

Shares

Represent units of ownership interest in a corporation or financial asset, providing an equitable distribution of any profits, if declared, in the form of dividends.