Extinction of a gift by a testator's failure to change his will after changed circumstances have made the performance of a provision in the will impossible is termed:
A) renunciation.
B) ademption.
C) abatement.
D) escheat.
B
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Which of the following statements is true about a zero coupon bond?
A. A zero coupon bond is taxed as a capital gain at the time the bond matures. B. A zero coupon bond is issued at a substantial discount below its par value. C. A zero coupon bond is issued at a coupon rate that adjusts for inflation. D. The interest received every year on a zero coupon bond is taxed as interest income. E. The discount on the issue of a zero coupon bond is written off over its life in the investor's financial statement.
Shauna purchased a condominium unit. Which homeowners policy is specially designed for condominium unit owners?
A) HO-2 B) HO-3 C) HO-4 D) HO-6
The process of attracting qualified job applicants is called
A. development. B. orientation. C. selection. D. training. E. recruiting.
Compared to money market securities, capital market securities have
A) more liquidity. B) longer maturities. C) lower yields. D) less risk.