Which of the Following Is Not One of the Conditions

Multiple Choice

Which of the following is not one of the conditions that must be met to qualify as extinguishment of debt by in-substance defeasance?

A) Trust must own monetary assets that are essentially risk free.
B) There is a reasonable possibility that the debtor will be called on to make additional payments on the debt.
C) Cash inflows into the trust must approximately coincide with required cash outflows.
D) The qualifying assets must not be used for trustee fees.