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    Quiz On The Basic Concepts of Succession

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    Don Dupio
    A quick ten (10) point quiz. Each question is for 15 seconds. You only need to click the presentation once and it will end automatically after 2 minutes.

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    Quiz On The Basic Concepts of Succession

    Uploaded by

    Don Dupio
    36 views24 pages
    A quick ten (10) point quiz. Each question is for 15 seconds. You only need to click the presentation once and it will end automatically after 2 minutes.

    Original Title

    Quiz on the Basic Concepts of Succession

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    A quick ten (10) point quiz. Each question is for 15 seconds. You only need to click the presentation once and it will end automatically after 2 minutes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    36 views24 pages

    Quiz On The Basic Concepts of Succession

    Uploaded by

    Don Dupio
    A quick ten (10) point quiz. Each question is for 15 seconds. You only need to click the presentation once and it will end automatically after 2 minutes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 24

    Basic Concepts of Succession

    True or False Quiz


    Tax 71

    January 18, 2019


    1
    2
    3
    TRUE
    1. The law presumes that every
    person is of sound mind in the
    absence of proof to the contrary.
    1. The law presumes that every
    person is of sound mind in the
    absence of proof to the contrary.
    2. A will may be revoked by the
    testator at any time before
    his/her death.
    3. Estate tax is an excise tax.
    4. Succession is a mode of
    acquisition by virtue of which the
    property, rights and obligations
    of a person are transmitted to
    others upon his death
    5. Persons of either sex under
    eighteen years of age cannot
    make a will.
    6. The right of the owner to enjoy
    and dispose of a thing is
    absolute.
    7. Donor’s Tax is not an excise
    tax.
    8. The right to succession are
    transmitted from the moment of
    death of the heir.
    9. An executor is a person
    appointed by the court to
    administer the assets and
    liabilities of a decedent.
    10. An administrator is a person
    appointed by the testator to carry
    out the directions and request in
    his will.
    End of quiz
    Answers to follow
    TRUE
    2. A will may be revoked by the
    testator at any time before
    his/her death.
    TRUE
    3. Estate tax is an excise tax.
    TRUE
    4. Succession is a mode of
    acquisition by virtue of which the
    property, rights and obligations
    of a person are transmitted to
    others upon his death
    TRUE
    5. Persons of either sex under
    eighteen years of age cannot
    make a will.
    FALSE
    6. The right of the owner to enjoy
    and dispose of a thing is
    absolute.
    FALSE
    7. Donor’s Tax is not an excise
    tax.
    FALSE
    8. The right to succession are
    transmitted from the moment of
    death of the heir.
    FALSE
    9. An executor is a person
    appointed by the court to
    administer the assets and
    liabilities of a decedent.
    FALSE
    10. An administrator is a person
    appointed by the testator to carry
    out the directions and request in
    his will.
    Answers
    1. T 1. F
    2. T 2. F
    3. T 3. F
    4. T 4. F
    5. T 5. F

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