Which of the Following Statements Is True of the Requirements

question 31

Multiple Choice

Which of the following statements is true of the requirements for making a will?

• A) A will need not be signed by the testator if it is created in the presence of witnesses.
• B) A will need not be written to be considered valid only if it is a dying declaration.
• C) A will cannot incorporate any other documents by reference.
• D) The legal age for executing a will is set at 25 years across all states.

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Definitions:

Rescission

The legal act of canceling, revoking, or terminating a contract, returning all parties to their original positions prior to the contract.

Securities Act of 1933

A U.S. law enacted to ensure more transparency in financial statements so investors can make informed decisions about investments.

Securities Exchange Act of 1934

A U.S. federal law regulating the secondary trading of securities (stocks, bonds, and debentures) to protect investors against malpractice.

White-collar Crime

Non-violent crime committed typically by individuals in professional roles for financial gain, involving deceit or violation of trust.