Which of the Following Is True About Wills

question 31

Multiple Choice

Which of the following is true about wills?

• A)A will can be amended to change specific terms by execution of a codicil.
• B)The testatrix cannot disinherit her minor children without stating a reason in the will.
• C)If the will meets the legal technicalities,the surviving spouse cannot override it.
• D)Once a will is written,it cannot be changed.

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Definitions:

Antitrust Laws

Legislation (including the Sherman Act and Clayton Act) that prohibits anticompetitive business activities such as price fixing, bid rigging, monopolization, and tying contracts.

Interlocking Directorates

The practice of sharing board members among different companies, which can lead to conflicts of interest and anticompetitive behavior.

Sherman Act

A foundational antitrust law in the United States, enacted in 1890, aimed at preventing anti-competitive practices, monopolies, and cartels.

Clayton Act

A U.S. antitrust law aimed at promoting fair competition for the benefit of consumers, by preventing unfair business practices.