A Testator Can Revoke a Will in the Following Ways

question 138

Multiple Choice

A testator can revoke a will in the following ways:

• A) making a later will that will revoke prior wills.
• B) making a codicil that revokes prior wills.
• C) burning the will.
• D) making a later will that is inconsistent with a former will.
• E) all of the above

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Definitions:

Legal Claims

Rights to seek redress or enforcement through legal action.

Preferred Stock

A type of equity security that has priority over common stock in the distribution of dividends and upon liquidation.

Unpaid Dividends

Dividends that have been declared by a company's board of directors but have not yet been paid out to shareholders.

Cumulative Voting

A voting system in which shareholders can allocate their votes in any proportion among candidates for a company's board of directors.