?Which is NOT a requirement for an express public trust to be valid?
A. The settlor must intend to create a public trust.?
B. ?It must benefit the general public or an indefinite class of persons.
C. ?It must limit the distribution of its fund to named individuals.
D. ?A charitable purpose must be expressly designated.
E. ?A trustee must be named to administer the trust.
Answer: C
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Each section of a township square contains 1,000 acres.
Answer the following statement true (T) or false (F)
There are four authors of a film. One grants a nonexclusive right to Moonlight Distributors to distribute the film in the United States. The other three authors were not consulted. Is this grant permissible? Discuss and indicate how profits arising from the distribution would be divided.?
What will be an ideal response?
Whether or not the data points are distributed throughout the regression line and the measure predicts as well at both high and low ranges is called ______.
A. homoscedasticity B. kurtosis C. direct range restriction D. range enhancement
?Partnerships do not pay federal income taxes as an entity. Each partner declares his or her profits from the partnership as personal income. The partnership is referred to as which of the following?
A. ?A tax-free entity B. ?A pass-through entity C. ?A personal tax entity D. ?A run-through entity