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  3. Study Set
    Contemporary Canadian Business Law
  4. Exam
    Exam 12: The Extent of Contractual Rights
  5. Question
    The Party Who Holds Property for the Benefit of Another
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The Party Who Holds Property for the Benefit of Another

Question 4

Question 4

Multiple Choice

The party who holds property for the benefit of another under a trust agreement or arrangement is known as the


A) beneficiary.
B) trustee.
C) rights holder.
D) guarantor.
E) principal.

Correct Answer:

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