24. A testator may revoke a will by tearing it. (Points : 2)
25. The registration process under Section 5 of the 1933 act is divided into three time periods. In order, they are (Points : 2)
waiting, prefiling, and posteffective.
waiting, prefiling, and executory.
prefiling, waiting, and posteffective.
prefiling, executory, and posteffective.
26. A corporation
or group of investors may seek to acquire control of another corporation by offering cash for all of its shares made available for sale by a certain date. This action is called an (Points : 2)
cash tender offer.
stock redemption offer.
offer for value.
27. A trustee may keep all matters associated with the trust secret. (Points : 2)
28. Jerry, a twenty-year-old, wants to execute a will before he takes a mountain-climbing trip in the Sierra Nevadas. In most states, the legal age for executing a will is (Points : 2)
sixteen years of age.
eighteen years of age.
twenty-one years of age.
twenty-five years of age.