The ________ Doctrine Says That If the Property a Testator

question 37

Multiple Choice

The ________ doctrine says that if the property a testator leaves is insufficient to satisfy all the beneficiaries named in a will and there are both general and residuary bequests, the residuary bequest is paid last.

• A) ademption
• B) inter vivos
• C) abatement
• D) adjournment

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Definitions:

Market Research

The method of collecting, assessing, and understanding data concerning a market, which involves information on prospective customers and rivals.

Raises

Increases in an employee's base salary or wage rate, often awarded for performance, promotion, or inflation adjustments.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Strengths

Attributes of an individual or organization that are beneficial and can be leveraged to achieve goals and overcome challenges.