The Requirement That a Testator Must Be of Sound Mind

question 22

Multiple Choice

The requirement that a testator must be of sound mind and legal age is known as:

• A) testamentary intent.
• B) restrictive intent.
• C) restrictive capacity.
• D) testamentary capacity.

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Definitions:

Responsibility Center

A department or unit within an organization that is accountable for specific activities and performance, with its performance measured against planned objectives.

Generates Revenues

Refers to the activities or mechanisms through which a business or organization brings in income.

Traceable Fixed Cost

A fixed cost that can be directly associated with a specific cost object, such as a product, department, or project.

Common Fixed Cost

Expenses shared by different segments or units within an organization, not directly attributed to any specific part.