Which One of the Following Statements Is True About Estate

question 56

Multiple Choice

Which one of the following statements is true about estate planning?

• A)Many people don't give a single thought to preparing for death.
• B)It is always easy to plan for your family's financial security in the event of your death.
• C)Most people do a lot to provide for those who will survive them.
• D)Most people give meticulous attention to estate planning.
• E)Estate planning is for the rich only

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Definitions:

Mergers

The combination of two or more companies into one, where one corporation is completely absorbed by another corporation.

Sherman Act

A federal statute that prohibits monopolistic business practices and promotes competition.

Injunctions

are judicial orders that restrain a person from beginning or continuing an action threatening or invading the legal right of another, or that compel a person to carry out a certain act, like repairing a nuisance.

Remedies

Legal means for enforcing rights or compensating harm due to the breach of a legal duty.