Raw Materials Are Especially Affected by Joint Demand

question 154

True/False

Raw materials are especially affected by joint demand.

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Definitions:

Intestate

Describes a person who dies without a will.

Decedent

The deceased person.

Escheat

Property of a decedent goes to the state if not disposed of by a will and if the decedent has no heirs.

Codicil

A supplemental modification of an existing will.