Question 1

The testator's signature must appear at the end of a will.

Accepted Answer

A) True 
 B)False

Question 2

A trust that a grantor executes orally in contemplation of immediate death is a testamentary trust.

Accepted Answer

A) True 
 B)False

Question 3

​Jade signs an advance health directive that states what medical treatment may be used after a serious accident or illness. She indicates that she wants certain lifesaving procedures to be undertaken unless the treatment will not result in a reasonable quality of life. This is

Accepted Answer

A)  ​a durable power of attorney. 
B)  ​a health-care power of attorney. 
C)  ​a living will. 
D)  ​a living trust. 
A)  ​a durable power of attorney. 
B)  ​a health-care power of attorney. 
C)  ​a living will. 
D)  ​a living trust.

Question 4

​A reference in a will to a written memorandum that is not in the will renders the will invalid.

Accepted Answer

A) True 
 B)False

Question 5

A decedent is a person who has died.​

Accepted Answer

A) True 
 B)False

Question 6

​A will can be partially revoked.

Accepted Answer

A) True 
 B)False

Question 7

​For Melinda's will to be valid, she must be mentally competent at the time of

Accepted Answer

A)  ​death. 
B)  ​the acquisition of the property to be distributed under the will. 
C)  ​the making of the will. 
D)  ​the probate of the will. 
A)  ​death. 
B)  ​the acquisition of the property to be distributed under the will. 
C)  ​the making of the will. 
D)  ​the probate of the will.

Question 8

​A codicil is a clause in a will affirming an administrator's testamentary capacity.

Accepted Answer

A) True 
 B)False

Question 9

​The owners of Designer Apps, Inc., want to execute wills. Eve is fifteen years old, Fran is seventeen, and Gail is nineteen. In most states, those with the capacity to execute a will are

Accepted Answer

A)  ​all of the owners of Designer Apps. 
B)  ​Fran and Gail only. 
C)  ​Gail only. 
D)  ​none of the owners of Designer Software. 
A)  ​all of the owners of Designer Apps. 
B)  ​Fran and Gail only. 
C)  ​Gail only. 
D)  ​none of the owners of Designer Software.

Question 10

Kim is asked to serve as a witness to Lian's will. To qualify, Kim must be​

Accepted Answer

A)  ​a collateral heir. 
B)  ​a lineal descendant. 
C)  ​at least eighteen years old. 
D)  ​mentally competent. 
A)  ​a collateral heir. 
B)  ​a lineal descendant. 
C)  ​at least eighteen years old. 
D)  ​mentally competent.

Question 11

​A living trust is created by a grantor during his or her lifetime.

Accepted Answer

A) True 
 B)False

Question 12

​The debts of a decedent must be satisfied out of his or her estate.

Accepted Answer

A) True 
 B)False

Exam 51: Wills and Trusts

The testator's signature must appear at the end of a will.

A trust that a grantor executes orally in contemplation of immediate death is a testamentary trust.

​Jade signs an advance health directive that states what medical treatment may be used after a serious accident or illness. She indicates that she wants certain lifesaving procedures to be undertaken unless the treatment will not result in a reasonable quality of life. This is

​A reference in a will to a written memorandum that is not in the will renders the will invalid.

A decedent is a person who has died.​

​A will can be partially revoked.

​For Melinda's will to be valid, she must be mentally competent at the time of

​A codicil is a clause in a will affirming an administrator's testamentary capacity.

​The owners of Designer Apps, Inc., want to execute wills. Eve is fifteen years old, Fran is seventeen, and Gail is nineteen. In most states, those with the capacity to execute a will are

Kim is asked to serve as a witness to Lian's will. To qualify, Kim must be​

​A living trust is created by a grantor during his or her lifetime.

​The debts of a decedent must be satisfied out of his or her estate.

Law and Legal Reasoning

Courts and Alternative Dispute Resolution

Court Procedures

Business and the Constitution

Business Ethics

Tort Law

Strict Liability and Product Liability

Intellectual Property Rights

Internet Law, Social Media, and Privacy

Criminal Law and Cyber Crime

Nature and Terminology

Agreement in Traditional and E-Contracts

Consideration

Capacity and Legality

Mistakes, Fraud, and Voluntary Consent

The Writing Requirement in Our Digital World

Third Party Rights

Performance and Discharge

Breach of Contract and Remedies

The Formation of Sales and Lease Contracts

Title, Risk, and Insurable Interest

Performance and Breach of Sales and Lease Contracts

Warranties

International and Space Law

Negotiable Instruments

Transferability and Holder in Due Course

Liability, Defenses, and Discharge

Banking in the Digital Age

Creditors Rights and Remedies

Secured Transactions

Bankruptcy Law

Agency Formation and Duties

Agency Liability and Termination

Employment, Immigration, and Labor Law

Employment Discrimination

Small Businesses and Franchises

All Forms of Partnerships

Limited Liability Companies and Special Business Forms

Corporate Formation and Financing

Corporate Directors, Officers, and Shareholders

Mergers and Takeovers

Investor Protection, Insider Trading, and Corporate Governance

Administrative Agencies

Consumer Law

Environmental Protection

Antitrust Law

Professional Liability and Accountability

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Insurance

The Legal Environment of Business

Torts and Crimes

Contracts and E-Contracts

Domestic and International Sales and Lease Contracts

Negotiable Instruments

Creditors Rights and Bankruptcy

Agency and Employment

Business Organizations

Government Regulation

Property and Its Protection

Filters

Jade signs an advance health directive that states what medical treatment may be used after a serious accident or illness. She indicates that she wants certain lifesaving procedures to be undertaken unless the treatment will not result in a reasonable quality of life. This is

A reference in a will to a written memorandum that is not in the will renders the will invalid.

A decedent is a person who has died.

A will can be partially revoked.

For Melinda's will to be valid, she must be mentally competent at the time of

A codicil is a clause in a will affirming an administrator's testamentary capacity.

The owners of Designer Apps, Inc., want to execute wills. Eve is fifteen years old, Fran is seventeen, and Gail is nineteen. In most states, those with the capacity to execute a will are

Kim is asked to serve as a witness to Lian's will. To qualify, Kim must be

A living trust is created by a grantor during his or her lifetime.

The debts of a decedent must be satisfied out of his or her estate.