Multiple Choice
Which of the following is NOT a trust arrangement?
A) a mother transferring assets to provide for her infant should she pass away
B) your broker requiring sufficient funds in your account to cover a deficit
C) property of a bankrupt being transferred to a trustee
D) a corporation transferring the title to fixed assets to a trustee for bondholders as security for the payment of the bonds
E) parents setting up a fund for the education of their children
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A debtor/promisor who continues to make payments
Q2: A Company contracts to build a house
Q3: A contracting party who,unknown to the other
Q4: Who is an assignor?
Q5: Explain the difference between negotiability and assignability.
Q7: Since contracts can benefit non-parties,should the rules
Q8: The general rule is that a contract
Q9: An undisclosed principal is a contracting party
Q10: The legal owner of trust property is
Q11: A negotiable instrument is<br>A)valuable documents that can