What term describes a person that agrees to pay the debts of another in the event of default?
A) Surety
B) Mentor
C) Custodian
D) Curator
Correct Answer:
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Q6: What Latin phrase means "by right of
Q7: What is the purpose of the residuary
Q8: What happens with the residuary estate if
Q9: What term describes an individual who legally
Q10: In some states, what term describes a
Q12: What is a bond?
A) Like an insurance
Q13: Who is a fiduciary?
A) Executor
B) Administrator
C) Trustee
D)
Q14: What power is given to fiduciaries under
Q15: What clause establishes the source for the
Q16: What may be a source for the
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