George Is Diagnosed with Alzheimer's Disease, So He and His

question 105

Multiple Choice

George is diagnosed with Alzheimer's disease, so he and his wife consult an attorney to draw up and sign documents giving George's wife the legal authority to make decisions about George's care. Such a document is called:

• A) living will
• B) a probated will
• C) a medical power of attorney
• D) a right to die document

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Definitions:

Surplus

The amount by which revenues exceed expenditures in a budget, often referring to profit or the excess of assets over liabilities.

Listed

Refers to a company or security that is officially registered and available for trading on a public stock exchange.

No-liability

A type of company structure where shareholders are not obliged to contribute additional equity to cover company debts in case of insolvency.

Limited by Guarantee

A form of incorporation used primarily by non-profit organizations where the liability of the members is limited to the amount they agree to contribute if the company is wound up.