In a Basic Will the Clause That Outlines the Distribution

question 34

Multiple Choice

In a basic will the clause that outlines the distribution of specific personal property, such as furniture, jewellery, 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:

Quotas

Preset limits or targets on the quantity of specific goods that can be imported or exported within a certain time frame to regulate trade.

World Bank

A nongovernmental organization that works exclusively with the poorest nations in the international community to help them secure loans.

IMF

The International Monetary Fund, an organization aiming to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment, and reduce poverty around the world.

Sustainable Economic Growth

Economic development that aims to meet the needs of the present without compromising the ability of future generations to meet their own needs, typically focusing on environmental, social, and economic balance.