BUSINESS ADMINISTRATION
BUSINESS LAW
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an administrator
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an executor
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a testator
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a trustee
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Detailed explanation-1: -An administrator is a person who has been appointed by a probate court to manage a deceased person’s estate. This can happen when the deceased left no will or when the person nominated in the deceased’s will is unable or declines to serve.
Detailed explanation-2: -An executor appointed under a Will, in effect, stands in the testator’s place after death. Similarly, an administrator stands in the place of the deceased even though he or she is appointed by the court. An executor is usually appointed by name in the Will.
Detailed explanation-3: -An Administrator must be someone over the age of eighteen, must not have been bankrupt or have any other special circumstances that would prevent them from acting in this way. Otherwise they will be passed over to find the next person who is entitled to act as an Administrator according to the Rules of Intestacy.
Detailed explanation-4: -Administrator is the legal representative for all purposes and all the property of the deceased person is vested in him. No other than the person to whom the same may have been granted shall have the power to sue or prosecute any suit, or otherwise act as representative of the deceased.