Multiple Choice
Which of the following statements is false?
A) Immediately ascertainable beneficiaries with a vested interest under a fixed trust have immediate proprietary interests in the assets of the trust.
B) Immediately ascertainable beneficiaries who have vested interests which, collectively, comprise the whole of a trust fund, can require the trustees to transfer the trust fund to them or according to their directions.
C) Immediately ascertainable beneficiaries who have contingent interests in a fixed trust have immediate proprietary interests in the assets of the trust.
Correct Answer:
Verified
Correct Answer:
Verified
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