List the different ways a trust can be terminated.
What will be an ideal response?
Trusts may be terminated in five ways. First, if the trust’s purpose has been fulfilled. Trusts may also have a termination date after s specific time period. The trust may also be revoked by a trustor. A trust may be terminated if the legal title and equitable title of the trust are held solely by the same person. Finally, the trust may be terminated if the beneficiaries agree that the trust’s purposed does not require the continuation of the trust.
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A reversion, as it pertains to life estates, is also known as a:
a. revocation order. b. reversionary interest. c. suspension of the will. d. reversal of the rights specific to the pur autre vie.
Law reviews usually include:
A. A digest B. Notes and comments C. Book reviews D. A table of statutes E. All of the above F. Answers b, c, and d above G. Answers b and c above
There are no exceptions to the parol evidence rule.
Answer the following statement true (T) or false (F)
The Supremacy Clause establishes that the federal Constitution and corresponding federal laws are the supreme law of the land
Indicate whether the statement is true or false