Which of the Following Is True Regarding Linda's Claim That

question 53

Multiple Choice

Which of the following is true regarding Linda's claim that Candy was entitled to nothing because Willy was suffering from a mental illness and did not know what he was doing when he stated that Candy should take everything?

• A) Whether he was suffering from a mental illness is irrelevant because for other reasons, his statement granting Candy any possessions is invalid.
• B) Linda is correct if Willy had undergone any treatment for any form of mental illness within the last year.
• C) Linda is correct if Willy had undergone any treatment for any form of mental illness within the last six months.
• D) Linda is incorrect because the existence of mental illness is irrelevant to a person's capacity to make a will.
• E) Linda is correct if it can be established that Willy had a serious enough mental illness that he was not of sound mind and lacked capacity to make a will.

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Definitions:

Cash Dividends

Distributions of a company's earnings to shareholders in the form of cash.

Selling and Administrative Expenses

Costs related to the day-to-day operations of a business, excluding manufacturing expenses.

Internal Rate of Growth

The maximum rate at which a firm can grow its sales and revenue without needing to increase external financing, relying solely on its own profits.

Assets

Resources owned by a company or individual that have economic value and can be used to meet debts, commitments, or legacies.