The following is not required to make a will:
A) Testamentary capacity.
B) Writing.
C) Self-proving clause.
D) Testator's signature.
C
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The additional provisions section may contain only transaction-specific items negotiated between the parties.
a. true b. false
The XYZ Limited Partnership has two general partners: Smith and Jones. A provision in the partnership agreement allows the removal of a general partner by a majority vote of the limited partners. The limited partners vote to remove Jones as a general partner. Which of the following statements is true?
A. The limited partners are now liable to third parties for partnership obligations. B. Limited partners may vote to remove a general partner without losing their status as limited partners. C. By voting to remove a general partner, the limited partners are presumed to exercise control of the business. D. Limited partners may participate in management decisions without limitation if this right is provided for in the limited partnership agreement.