A Nuncupative Will

question 28

Multiple Choice

A nuncupative will:

• A) is an oral will that is valid only under limited circumstances.
• B) is valid only to transfer real property.
• C) must be signed by the testator.
• D) is valid only when made by soldiers or sailors.

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments have been made for errors, accruals, and deferrals.

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, to verify that total debits equal total credits.

Note Receivable

A written promise to pay a specified amount of money, along with interest, by a certain date, recognized as an asset on the balance sheet.