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On the day testator’s valid will was executed he owned three cars.  One of the will’s dispositive provisions reads, “I leave my 1974 AMC Gremlin automobile to Bill Williams.”  Before testator died, the Gremlin was sold and all the proceeds placed in a separate bank account.  At death, testator owned the two other cars and the bank account.  Which one of the following is most likely?

This final exam is a 3-hour, closed note/open book exam. It consists of 15 multiple-choice questions (1 hour recommended) and 1 essay question (2 hours recommended). You may use your textbook and Uniform Commercial Code statutory supplement. You may not use past examination answers, notes or outlines of others. You may not collaborate or consult with any other person during the exam time period, or do additional research of any kind, whether on the Internet or otherwise, during which this exam is being administered. You may not copy the examination in any format or retain a copy of the examination after submission. Your essay may not exceed two thousand five hundred (2500) words. If you exceed the word count limit, one point will deducted from your final score, and any words that exceed the stated limit will be disregarded and not graded. There is no credit given to answers that simply retype lengthy recitations of law from notes or other sources.  I acknowledge that I have read this notice.

For each of the following definitions, select the key term from the list that relates to general capital assets and capital projects. Bond anticipation notes Infrastructure assets Service Concession Arrangements General capital assets Capital projects funds Asset impairment Intangible assets Depreciation ENTER A, B, C, D, E, F, G OR H IN THE BLANK BOX FOR EACH QUESTION.   1. Assets that lack physical substance and are nonfinancial in nature. 2. Short-term interest-bearing instruments issued by a government with a plan to replace with longer-term debt. 3. Roads, bridges, curbs and gutters, streets, sidewalks, and drainage systems installed for the common good. 4. Capital assets of a government that are not recorded in a proprietary or fiduciary fund. 5. Significant, unexpected decline in the service utility of a capital asset.

The concept of interperiod equity refers to whether

Increasing numbers of private employers are realizing it is to their advantage to offer benefits that support quality child care for their employees.

Teachers may play an important role in helping families find the community agencies that provide needed services.

With today’s varied family structures, traditional parent involvement activities like Mother’s Day tea parties are appropriate and will not offend families.

When parents participate in the classroom, teachers get opportunities to observe parent–child interaction.

Services that are offered by employers to working families to support them may include referral services to help employees find child care, flexible scheduling, and subsidized payments of child care.

Which of the following topics is discussed in detail in the chapter The Fifth Declaration of War?