?
A. ?An express trust that can be either private or charitable
B. ?A trust made between living persons
C. ?A resulting trust in which property is purchased and paid for by one person, at whose direction the seller transfers possession and title to another person
D. ?A trust that is declared void for reasons other than that it has an illegal objective
E. ?A trust that is established when the value of property exceeds the amount needed for the purpose of a private express trust
F. ?A trust that provides a fund for the maintenance of a beneficiary while safeguarding the fund against the beneficiary's extravagance or inexperience in spending money
G. ?A trust for which the trustee has the authority and discretion to accumulate or distribute trust income or principal, or both, among the trust beneficiaries in varying amounts
H. ?A savings account in which money is deposited in the depositor's name as trustee for another person named as beneficiary and is payable upon the death of the depositor
I. ?A trust made when a settlor retains title to property and simply declares himself/herself trustee of the property for the benefit of another person
J. ?A trust that may not be amended, revoked, or canceled after its creation
A. ?active trust
B. ?_inter vivos_trust
C. ?purchase-money resulting trust
D. ?failed trust
E. ?excessive endowment trust
F. ?spendthrift trust
G. ?sprinkling trust
H. ?Totten trust
I. ?declaration of trust
J. irrevocable living trust
You might also like to view...
Which of the following is an example of a court of limited jurisdiction?
a. Small claims court b. Domestic relations court c. Municipal court d. All of these choices are correct
When a judgment is entered and recorded, in most jurisdictions, it is good?
A. ?indefinitely. B. ?for ten years. C. ?for one year. D. ?for the period specified by the court.
In a criminal lawsuit, a private party is usually the plaintiff
Indicate whether the statement is true or false
When a predictor–criterion relationship is confirmed in another, different sample, this is called ______.
A. predictive validation B. multiple hurdles C. cross-validation D. multiple regression