Which of the following will be acceptable as a witness to a will?
A) The testator's spouse
B) The person named to be executor of the estate
C) The beneficiary of a testamentary trust
D) The spouse of a beneficiary
B
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What do we mean by "once-and-done" service? Why is employee "ownership" of the problem necessary for this to succeed? What company is identified as an example of this in the chapter?
What will be an ideal response?
J. O'Keefe and J. Kisha combined for a 50/50 partnership in 1980 and continued to do business successfully for many years. In January 2011, J. Kimley offered to contribute a sizable amount of working capital and was accepted as a partner in the business. J. O'Keefe and J. Kisha each own 40% of the business and J. Kimley 20% of the business partnership. Profits and losses are to be shared
according to these percentages. Due to the lagging economy and a sudden loss of profits, all three agree to liquidate the business and enjoy a gain on the sale of their major asset, which was purchased in 1981 . This should be distributed a. 50% to J. O'Keefe; 50% to J. Kisha. b. 40% to J. O'Keefe; 40% to J. Kisha; 20% to J. Kimley. c. equally among the three partners at the time of the sale. d. 100% into the partnership dissolution revenue account.
A loss on disposal of a plant asset occurs if the cash proceeds received from the asset sale is less than the asset's book value.
Answer the following statement true (T) or false (F)
A product form competition, is more inclusive than a product category competition
Indicate whether the statement is true or false