Multiple Choice
Mary wants to be able to take care of her sons when she is away.She decides to give an amount of money to a friend,Melanie,with the instructions that she is to use that money to care for the children when she is away.The money given to Melanie is called ________ and Melanie is a ________.
A) deposit; trustee
B) trust; trustee
C) fund; trustee
D) endowment; money caretaker
E) fund; constructive trust
Correct Answer:
Verified
Correct Answer:
Verified
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