American College Exam HS330 Topic 1 Question 76 Discussion

Actual exam question for American College's HS330 exam

Question #: 76
Topic #: 1

[All HS330 Questions]

All the following statements concerning a power of appointment are correct EXCEPT:

AThe appointee of a power of appointment is the party who exercises the power.

BThe donee of a power of appointment might be restricted with respect to the time the power can be exercised.

CFailure to exercise a power of appointment is known as a lapse of the power.

DThe possible recipients of property after the exercise of a power of appointment depend on the terms of the power.

Show Suggested Answer

Suggested Answer: B

by Carey at Oct 18, 2023, 01:20 AM

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Tonette

4 days ago

Haha, 'lapse of the power'? That sounds like a medical condition. But C is definitely the right answer. Can't mess that one up!

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Naomi

7 days ago

I'm not sure, but I think D) The possible recipients of property after the exercise of a power of appointment depend on the terms of the power, could also be incorrect.

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Aide

8 days ago

I agree with Beula, that makes sense because the other options seem to be correct statements about powers of appointment.

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Beula

10 days ago

I think the answer is C) Failure to exercise a power of appointment is known as a lapse of the power.

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Josephine

13 days ago

Ah, I see what they're getting at. The donee is the one who has the power, not the appointee. B seems like the correct answer here.

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Amie

16 days ago

Hmm, this one is tricky. I think the answer is A, since the appointee is the person who receives the property, not the one who exercises the power.

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