If the Deceased Has No Surviving Relatives, Then the Deceased's

question 17

True/False

If the deceased has no surviving relatives, then the deceased's property escheats to the state.

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Definitions:

Scarcity

Scarcity refers to the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources, necessitating prioritization and choice.

Sufficient Resources

The availability of adequate resources (including time, money, and manpower) to achieve a particular goal or complete a project.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world with limited resources.

Scarcity

A situation where limited resources are insufficient to satisfy all wants and needs.