What type of trust, where the settlor must clearly intend to create a trust, has the following four elements: (1) a settlor, (2) a trustee, (3) trust property,and (4) at least one beneficiary?
a. Express trust
b. Implied trust
c. Testamentary trust
d. Living trust
a
Business
You might also like to view...
The term ""wildcatting"" refers to:
A) drilling for oil or gas where none has occurred previously. B) small-cap mutual fund diversification. C) buying new-construction real estate for speculative appreciation value. D) limiting your investment portfolio to IPOs.
Business
________ demand is demand that will emerge if a particular economic, technological, political, or sociocultural trend continues
A) Existing B) Latent C) Incipient D) Parallel
Business