Multiple Choice
Which of the following is not a trust arrangement?
A) A corporation transferring the title to fixed assets to a trustee for bondholders as security for the payment of the bonds.
B) A mother transferring assets to provide for her infant should she pass away.
C) Your broker requiring sufficient funds in your account to cover a deficit.
D) Property of a bankrupt being transferred to a trustee.
E) Parents setting up a fund for the education of their children.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Novation occurs when<br>A) one of the parties
Q4: A person who assigns his right of
Q5: Once created a trust cannot be revoked
Q7: Who is a holder in the law
Q8: As a general rule regarding assignments, one
Q10: Landlord and Tenant entered into a 5-
Q11: A trustee is the legal owner of
Q28: How has the privity of contract rule
Q41: Liabilities may be assigned to a third
Q48: What is vicarious performance? What types of