What Are the Goals of Probate Laws

question 60

Multiple Choice

What are the goals of probate laws?
(1) gather and preserve all of the decedent's property;
(2) carry out an orderly and fair settlement of all debts;
(3) discover and follow the decedent's intent for the remaining property.

• A) 1 only.
• B) 2 only.
• C) 3 only.
• D) 1 and 2.
• E) 1, 2, and 3.

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Definitions:

Freight Costs

Expenses associated with the transportation of goods from one location to another.

Cost Of Goods Sold

The direct costs associated with producing goods that a company sells, including materials and labour, used to determine gross profit.

Work-In-Process

Partially finished goods that are still in the production process at the end of an accounting period.

Finished Goods

Products that are finished with the production process but remain unsold to any customer.