Explain the different types of trusts
What will be an ideal response?
Trusts can be express or implied. In order to create an express trust, the settlor (the person creating the trust) must clearly intend to create a trust. All express trusts have these four elements: (1) a settlor, (2) a trustee, (3) trust property, and (4) at least one beneficiary. The most common types of express trusts areliving trusts and testamentary trusts.Implied trusts are often called involuntary trusts. These trusts arecreated by law. If a person acquires legal title to property as a result of fraud, the court may impose a constructive trust on the individual holding the legaltitle.
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The ________ measures the activity, or liquidity, of a firm's stock of goods
A) average collection period B) inventory turnover ratio C) average payment period D) total asset turnover ratio
What is the difference between individualism and collectivism? What is the relationship between government and business under each orientation?
What will be an ideal response?