Multiple Choice
Which judicial remedy can a beneficiary use to be compensated monetarily (either directly or through the trust) for a trustee's breach of trust?
A) Civil lawsuit to compel the trustee to reimburse the trust for any loss or depreciation in value of the trust property
B) Removal of the trustee and appointment of a new trustee
C) An injunction to compel the trustee to do or refrain from doing the act that would constitute the breach of trust
D) Suing for specific performance
Correct Answer:
Verified
Correct Answer:
Verified
Q7: MATCHING:<br>-The monetary gain that is generated from
Q8: MATCHING:<br>-A contract, made between and signed by
Q9: Any transferable interest in an object of
Q10: MATCHING:<br>-The right of the beneficiary to receive
Q11: A settlor may cancel a trust if
Q13: MATCHING:<br>-Oral testimony or written evidence<br>A)legal title<br>B)cestui que
Q14: Which is NOT an essential element of
Q15: Which is NOT a trustee's duty?<br>A)Duty to
Q16: Beneficiaries of a trust must be defined
Q17: MATCHING:<br>-The form of ownership of trust property