Solved

Which Duty Prohibits a Trustee from Personally Profiting from His/her

Question 6

Multiple Choice

Which duty prohibits a trustee from personally profiting from his/her position as trustee (other than the compensation allowed by contract or law) ?


A) Duty to take possession of and preserve trust property
B) Duty of loyalty
C) Duty to prevent the investment of the trust property
D) Duty to make payments of income and principal to the named beneficiaries

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions