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:

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in a linear fashion.

Discount Rate

The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows.

Payback Period

The time it takes for an investment to generate an amount of income or cash flows enough to cover the initial cost of the investment.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life.