Angel Capitalists or Angels Are Wealthy Individual Investors Who Do

question 94

True/False

Angel capitalists or angels are wealthy individual investors who do not operate as a business but invest in early-stage companies in exchange for a portion of equity.

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Definitions:

Revoke

To officially cancel or withdraw a right, permission, or offer, rendering it no longer valid or in effect.

Partial Revocation

A concept in wills and trusts law where a testator can revoke or cancel a portion of the will while leaving the rest intact.

Execution

The process of carrying out a plan, order, or a legal document, like the signing and enacting of a will or a legal judgment.

Probate Process

The legal procedure through which a deceased person's will is validated, their debts are paid, and their assets are distributed to beneficiaries.