Mason creates a trust to prevent his son, Newt, the beneficiary, from assign¬ing his rights to future payments of income from the trust. This is
a. a charitable trust.
b. a constructive trust.
c. a spendthrift trust.
d. an illegal trust.
C
You might also like to view...
For a cash flow hedge, a company would not recognize in its financial statements any change in the value of the financial instrument being hedged
Indicate whether the statement is true or false
Explain why collusion between employees and management in the commission of a fraud is difficult to both prevent and detect
According to your textbook, the initial layer of a brand represents ________
A) values B) benefits C) attitudes D) tangible features E) intangible features
The order of the flow of accounting data is (1 ) record in the ledger, (2 ) record in the journal, (3 ) prepare the financial statements
Indicate whether the statement is true or false