Which of the Following Is True of a Joint Will

question 46

Multiple Choice

Which of the following is true of a joint will?

• A) Whether a joint will is revocable depends only on the language of the will.
• B) The mere fact that a joint will has been executed creates the presumption of a contract not to revoke the will.
• C) Underlying a joint will is an agreement on a common plan.
• D) A testator who has made a joint will cannot change the will later under any circumstances.

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Definitions:

Excise Tax

A type of tax imposed on specific goods, services, or activities, often included in the price of products like gasoline, alcohol, and tobacco.

Tax Borne

The final economic burden of a tax, indicating who ultimately bears the cost of taxation.

Wage Tax

A tax imposed on employees' earnings, typically deducted from their paychecks by the employer and paid to the government.

Labor Market

The economic marketplace where workers seek employment and employers seek to hire workers, influenced by factors like supply, demand, and wages.