Which of the Following Is a Formality Usually Required by State

question 44

Multiple Choice

Which of the following is a formality usually required by state law for the creation of a valid will?

• A) The will must be witnessed and signed by at least two persons who stand to inherit under the will.
• B) Notice of the making of the will must be published in the newspaper.
• C) The will must be signed by the testator or by someone else at the testator's direction.
• D) The witnesses should declare, after the signing, that the instrument is the testator's will.

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Definitions:

Long-Term Liabilities

Financial obligations of a company due beyond one year.

Return

In finance, it refers to the profit or loss derived from an investment over a certain period of time, expressed as a percentage of the initial investment.

Total Assets

The sum of all current and non-current assets owned by a company, providing a comprehensive view of its financial health.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit customers by comparing net credit sales to average accounts receivable.