In a Basic Will the Clause That Outlines the Distribution

question 46

Multiple Choice

In a basic will the clause that outlines the distribution of specific personal property, such as furniture, jewelry, cars, RRSPs, RRIFs, and pensions is the __________________

• A)identification and revocation clause
• B)specific bequests clause
• C)legacies clause
• D)power clause
• E)testimonium and attestation clause

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Definitions:

Gold

A precious metal that is used as an investment, a store of value, and in jewelry, due to its scarcity, durability, and aesthetic appeal.

Credit Default Swap

A financial derivative allowing an investor to "swap" or offset their credit risk with that of another party.

Financial Risk

Financial risk encompasses the possible loss of financial assets, liabilities, or financial failure due to variables like currency fluctuations, interest rate changes, and funding challenges.

Capital Structure

The mix of debt and equity maintained by a firm.