NBE Regulatory Compliance Glossary (RV232) 299 QUESTIONS| WITH COMPLETE SOLUTIONS

Abatement correct answer: a proportional reduction of a legacy under a will when assets out of which such legacy are payable are not sufficient to pay it in full. Acceptance correct answer: an agreement to an offer resulting in a contract. Accord and Satisfaction correct answer: an agreement made and executed in satisfaction of the rights one has from a previous contract. Actual Custody of the Body correct answer: the physical possession of the dead human body. Ademption correct answer: the extinction or withdrawal of a legacy under a will by an act equivalent to revocation. Administrative Agency correct answer: an appointed governmental body charged with implementing particular legislation. Administrative Law correct answer: the body of law created by Federal and State administrative agencies to implement their powers and duties in the form of rules, regulations, orders, and decisions. (OSHA, F TC, State Board Rules) Administrator correct answer: a man who has been appointed by the court to settle an estate. Administratrix correct answer: a woman who has been appointed by the court to settle an estate. Agent correct answer: the party appointed by the principal to enter into a contract with a third party on behalf of the principal. Agent Driver correct answer: those drivers under the directions and control of a funeral director who is liable for their actions. Alien Corporation correct answer: one that is incorporated in a foreign country. Americans with Disabilities Act (ADA) correct answer: a federal statute prohibiting discrimination against the disabled in employment, public transportation, telecommunications services, and public accommodations and services operated by private entities. Answer correct answer: official document detailing a defendant's defense.