BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an administratrix
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an executrix
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a testatrix
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a trustee
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Detailed explanation-1: -(1) Testator : The person who makes a will is called the testator. If the maker of the will is a Female then she is called ‘Testatrix’. (2) Legatee or Beneficiary : The person to whom the testator gives some property or benefits in the will is called legatee or beneficiary.
Detailed explanation-2: -Testator: Someone who writes and executes (signs) a will. Testatrix: The old-fashioned term for a female will-writer. Trustee: Someone who has legal authority over the assets in a trust.
Detailed explanation-3: -BENEFICIARY-A person named to receive property or other benefits.
Detailed explanation-4: -A testator is someone who makes a will to dispose of their property and account for their debts after death. In order for a will to be valid, the testator must have what is legally described as “testamentary capacity”, that is, they must be of sound mind and capable of understanding the significance of making a will.
Detailed explanation-5: -Testator means a ‘man who made a Will’ and testatrix is a ‘woman who made a Will’.