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Quiz on Wasi and Estate Management in Malaysia

Authored by Adzidah Yaakob

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University

Used 5+ times

Quiz on Wasi and Estate Management in Malaysia
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of a wasi in Islamic estate management?

To collect debts owed to the deceased

To manage the estate without any legal authority

To create a will for the deceased

To distribute the estate according to the testator's wishes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which act governs the duties and obligations of a wasi in Malaysia?

Trustee Act 1949

Wills Act 1959

Probate and Administration Act 1959

Small Estates Distribution Act 1955

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a testate estate?

An estate of a deceased person who dies without a will

An estate that is managed by the court

An estate of a deceased person who dies leaving a valid will

An estate that is frozen until administration is complete

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum value for a small estate in Malaysia?

RM600,000

RM2,000,000

RM5,000,000

RM60,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who can be appointed as a wasi?

Only individuals with a legal background

Any adult, including friends and corporate bodies

Only legal professionals

Only family members

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary duty of an executor after the death of a testator?

To create a new will

To pay off all debts of the deceased

To distribute the estate without any legal process

To sell the estate immediately

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a classification of a wasi under Malaysian law?

Executor by representation

Original executor

Executor de son tort

Executor by appointment

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