An Executor May

question 107

Multiple Choice

An executor may

• A)account for newborn children if not included as beneficiaries.
• B)arbitrarily calculate the preferential share.
• C)be a beneficiary of the will.
• D)determine the value for the assets.

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Definitions:

Candy Bars

Confectionery products that are usually made from chocolate and may contain nuts, caramel, nougat, or other sweet fillings.

Service-Sponsored Retail Franchise System

A franchise model in which the franchisor provides a comprehensive service package, including branding, to retail franchisees.

Manufacturer-Sponsored Wholesale Franchise System

A franchising approach where manufacturers allow distributors to sell their products exclusively, creating a standardized distribution network.

Trade Name

A commercial name under which a company conducts business, distinct from the company's legal name.