Which of the Following Statements About a Trustee Is NOT

Multiple Choice

Which of the following statements about a trustee is NOT true?

A) The liability of a trustee is unlimited unless a company is appointed to operate the business of the trust.
B) Any person capable of holding the title to property is capable of being a trustee.
C) The trustee is responsible for all losses on trust investments.
D) The trustee is entitled to full indemnity out of the trust property for their expenses and costs.