Testamentary capacity refers to:
a. the age of the testator.
b. the same capacity as required to contract.
c. the ability to understand the nature and extent of one's property, to appreciate the natural objects of one's bounty, and the ability to formulate an orderly plan of disposition.
d. the influence of others over the testator.
c
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Mr. Jacob, who is terminally ill, writes a will transferring all his assets to his daughter Silvia, in the event of his death. The doctors say that Mr. Jacob will live for about six months
A day after the will is written, Silvia wishes to transfer her expected inheritance to her son, Jacob Jr. This assignment will be ________. A) valid B) conditionally valid C) invalid D) re-assignable by Jacob Jr.
A person who authorizes an agent to sign a negotiable instrument on his or her behalf is known as a(n) ________
A) agent B) accommodation party C) principal D) assignor
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