A will has the following statement: I leave $20,000 cash from my savings account in the Central
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A will has the following statement: “I leave $20,000 cash from my savings account in the Central Fidelity Bank to my sister, Angela.” This gift is an example of
a. A residual legacy.
b. A general legacy.
c. A demonstrative legacy.
d. A specific legacy.
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The correct answer is d A specific legacy A specific legacy is a gift of a specific item of property ...View the full answer
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Related Book For 
Advanced Accounting
ISBN: 978-1259444951
13th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
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