EXAMINATION TEST SET
◉ inheritance. Answer: the legal rules or legal norms that determine
how succession should take place in cases where a testator fails to
regulate succession on death by way of a valid will or a pactum.
◉ inter vivos. Answer: between the living.
◉ inter vivos trust. Answer: a trust created during the life of the
creator thereof.
◉ intestate law. Answer: the legal rules or legal norms that
determine how succession should take place in cases where a
testator fails to regulate succession on death by way of a valid will or
a pactum.
◉ succession. Answer: the legal process of inheriting assets from a
deceased person.
◉ successio ab intestato. Answer: the process of inheriting when a
testator fails to regulate succession.
, ◉ joint will. Answer: where two or more testators set out their
respective wills in the same document.
◉ juristic act. Answer: an act that is intended to create or alter rights
and obligations.
◉ law of succession. Answer: comprises legal rules that control the
transfer of those assets of a deceased that are eligible for
distribution to beneficiaries.
◉ legacy. Answer: the bequest made by a testator.
◉ living customary law. Answer: the actual version of customary law
as applied by the people living under a system of customary law.
◉ lobolo. Answer: the property in cash or in kind that a prospective
husband or the head of his family undertakes to give to the head of
the prospective wife's family in consideration of a customary
marriage.
◉ primogeniture. Answer: under customary law, the heirs of the
deceased are usually male and are identified by their relationship to
the deceased through the male line.