Which of the following is NOT required to create a valid trust?
A. legal age and sound mind of the grantor
B. witnesses
C. a beneficiary(ies)
D. property transferred to the trust
Answer: B
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A retail store prices its goods to achieve a gross margin of 35 percent. Up to the date of a fire that destroyed the store's inventory, sales were $250,000 and cost of goods available for sale was $175,000. The estimated cost of the inventory destroyed is
A) $12,500. B) $43,750. C) $62,500. D) $75,000.
In ______ error, the rater evaluates everyone or nearly everyone as below average.
A. severity or strictness B. halo C. leniency D. central tendency
Why should a code of ethics be put into writing regardless of the size of the business?:
a. It adds value to the share price b. It helps stakeholders know which behaviors are acceptable and which are not c. It satisfies the needs of the board d. It helps profits
A seller is prohibited from making an exclusive-dealing contract if the effect is to tend to create a monopoly
Indicate whether the statement is true or false