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Millie Executed a Deed and Put It Under Her Mattress

question 20

Multiple Choice

Millie executed a deed and put it under her mattress along with a note directing that the deed is to be delivered to her cousin Don,upon her death.What will be the result of such an act?


Definitions:

Constitutional Amendment

A formal change or addition proposed or made to a constitution, which alters its content and legal ordering.

Balanced Budget

A financial plan whereby revenues and expenditures are equal, resulting in no deficit for the given period.

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, typically characterized by periods of boom and recession.

Balanced Budget Rule

A fiscal policy regulation requiring that a government's spending does not exceed its income in a given period.

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