Under the doctrine of cy pres, when the settler has not specifically provided for a substitute beneficiary, the:
A. trust will automatically fail.
B. court will direct the application of the property to some charitable purpose that falls within the settlor's general charitable intention.
C. original beneficiaries can use the property for a charitable purpose.
D. court will direct that the property be handed over to the government for administrative purposes.
Answer: B
You might also like to view...
Use the information below for Focal Point Corp for 2015 and 2016 to answer the following question. Retained earnings, December 31, 2015 $300,000 Retained earnings, December 31, 2016 345,000 Dividends payable, December 31, 2015 19,000 Dividends payable, December 31, 2016 29,000 Net income—2016 150,000 Assume that there were no retained earnings transactions other than those dealing with
dividends and net income. How much dividends did Focal Point declare during 2016? a. $ 95,000 b. $105,000 c. $140,000 d. $150,000
At the beginning of the year, Fluman Corporation estimates overhead will be $150,000. If the actual overhead for the year is $152,000 and the applied overhead for the year is $143,000, what is the journal entry needed to reconcile the overhead variance? Assume that the overhead variance is immaterial
A) Cost of Goods Sold 9,000Overhead Control 9,000 B) Overhead Control 9,000Cost of Goods Sold 9,000 C) Cost of Goods Sold 7,000Overhead Control 7,000 D) Overhead Control 7,000Cost of Goods Sold 7,000 E) none of these
According to job characteristics theory, which of the following responsibilities can be described as part of an autonomous job?
A. having a strict schedule B. using methods proscribed by your manager C. following the instruction manual word for word D. adhering to the way things have always been done E. using your own procedures
What is a restricted network that relies on Internet technologies to provide an Internet-like environment within the company for information sharing, communications, collaboration, and web publishing?
A. National ISP B. Regional ISP C. Intranet D. Extranet