SPECPRO QUIZ

A will does not need to be probated in order for the current letters of administrators to be revoked.

• TRUE

• FALSE

Grandchildren are included in the allowance so long it is proven that the decedent pays for their education.

• TRUE

• FALSE

The jurisdiction of the court does not cease even if the inventory was delivered later than 3 months.

• TRUE

• FALSE

The right of an executor or administrator to the possession and management of the real and personal properties of the deceased is absolute.

• TRUE

• FALSE

Letters testamentary is issued when the executor is competent, accepts the trust, and gives the required bond.

• TRUE

• FALSE

An administrator or executor has all the powers necessary for the administration of the estate and which powers he can exercise with leave of court.

• TRUE

• FALSE

Real property takes preference before personal property

• TRUE

• FALSE

A contingent claim is one that subject to the happening of future uncertain event.

• TRUE

• FALSE

Where there are several creditors entitled to the same preference, and the assets are insufficient, the proceeds will be given to those who claim first

• TRUE

• FALSE

Every executor or administrator shall render an account of his administration within 6 months from the time of receiving letters testamentary or of administration.

• TRUE

• FALSE