Those Who Could Use Trust Services Include All the Following

question 141

Multiple Choice

Those who could use trust services include all the following except

• A) minors
• B) busy executives
• C) the mentally incompetent
• D) spendthrifts
• E) all the above need trust services

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Definitions:

License

A permit or authorization granted by an authority to engage in a particular activity or to use a particular property.

Revocation

The act of officially cancelling or withdrawing something, such as a law, license, privilege, or promise.

License

A permit or authorization granted by a competent authority or the owner to use a particular property, asset, or intellectual property under certain conditions.

Produce

The act of creating, manufacturing, or growing goods, often in relation to agriculture or manufacturing sectors.