All of the Following Are True About the Executor of a Will

question 33

Multiple Choice

All of the following are true about the executor of a will, except

• A) the executor is selected by the creator of the will.
• B) the executor may be paid for his or her services by the estate.
• C) the executor is generally paid 5% of the value of the estate for his or her services.
• D) the executor may elect not to be paid for his or her services.

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Definitions:

Lifesaving Drug

A medication that is essential for survival, often used to treat a life-threatening condition or disease.

Bundle

The practice of selling multiple products or services together as a single combined unit, often at a reduced price compared to purchasing the items separately.

Upstream Price Discrimination

A pricing strategy where a supplier varies prices charged to retailers or manufacturers based on factors like order volume or bargaining power.

Vertical Contracts

Agreements between firms at different levels in the production process, for example, between a manufacturer and a retailer.