Amos Was Divorced and Dying in Mercy Hospital When He

question 31

Essay

Amos was divorced and dying in Mercy Hospital when he executed his will in the presence of his mother, daughter and two nurses, all of whom signed as witnesses. The will left all of Amos' property to his mother and daughter and left nothing to Amos' son. The son challenged the validity of Amos' will. Discuss the legal issues.

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Definitions:

Permanent Income

A theory suggesting that people's consumption choices are more influenced by their expected long-term average income rather than by their current income.

Consumption Spending

Expenditures by individuals and households on goods and services for personal use.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given price level in a specific period.

Government Purchases

Expenditures by the government on goods and services that directly increase the economy's productive capacity.