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An instrument whereby the destination or devolution of successive interests in movable or immovable property is disposed of, or is agreed to be disposed of, is called….
Will
Testament
Settlements
Deed
- Option 1: Will
- A will is a legal document that outlines how a person’s assets should be distributed after their death. It primarily deals with the distribution of movable or immovable property.
- Option 2: Testament
- Testament is another term for a will. It similarly details how a person wishes their assets to be handled posthumously.
- Option 3: Settlements
- A settlement refers to an instrument that manages or agrees to the distribution of property interests, often involving successive interests.
- Correct Answer: Settlements
- Option 4: Deed
- A deed is a legal document that transfers ownership of property and rights but is not typically used for successive interests.
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