Which of the Following Statements About Revocation of Wills Is

question 5

Multiple Choice

Which of the following statements about revocation of wills is false?

• A)Physical destruction of a will with the intent to revoke it constitutes revocation.
• B)A will can be revoked by operation of law without any act on the part of the testator signifying revocation.
• C)A will is revocable until the moment of the testator's death,and as a result,confers no present interest in the testator's property.
• D)A later will,even if it does not expressly revoke the prior will,will operate to revoke the prior will in its entirety.

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Definitions:

Monopoly

A market structure characterized by a single seller controlling the entire supply of a unique product or service, without close substitutes.

Differentiated Products

Goods or services that are distinguished from similar products by characteristics like quality, features, or brand identity, leading to non-price competition.

Monopolistically Competitive

A market structure in which many firms sell products or services that are similar but not identical, allowing for competition on factors other than price.

Entry Barriers

Refers to obstacles that prevent or hinder new competitors from easily entering an industry or area of business.