Funeral Arts National 392 Board Exam Review Questions And Answers|100% Verified And Correct

1. A will is an instrument for the ordered disposition of real and personal property that is to take effect upon death. Which of the following is a requirement for a will to take effect? - ️️a. The will has a codicil. 2. The Funeral Rule, which is enforced by the Federal Trade Commission (FTC), has many provisions. These include mandated disclosures and restrictive actions. At the very start of a face- to-face discussion with the public regarding the selection of funeral goods or services and/or the prices of them, the funeral director is required to give the consumer: - ️️ a. The GPL for retention upon collection and signed receipt of the Consumer Protection Fee b. The price for each item the consumer requests on dated company letterhead - ️️ c. The GPL for retention, and the casket and vault price list for reference only - ️️ d. The casket price list and vault price list for retention, and the GPL for reference only - ️️ 3. The person with the authority and duty of final disposition who may or may not have "actual" custody (physical possession) of the deceased at a particular moment is considered to have what kind of custody? - ️️ a. Caveat emptor b. Constructive c. Consignment d. Endowment - ️️ 4. An insolvent estate is an estate of a deceased person whose assets are insufficient to pay the estate's debts, taxes, and administrative expenses. It is the state statute that controls the priority of these claims. In most states, though, the priority of claims—from top priority to lowest—is ordered as follows: - ️️