Which Is NOT a Requirement for an Express Public Trust

question 18

Multiple Choice

Which is NOT a requirement for an express public trust to be valid?

• A)It must limit the distribution of its fund to named individuals.
• B)It must benefit the general public or an indefinite class of persons.
• C)The settlor must intend to create a public trust.
• D)A charitable purpose must be expressly designated.
• E)A trustee must be named to administer the trust.

---

Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price.

Cross-Price Elasticity

A measure of the responsiveness of demand for one good to a change in the price of another good, indicating substitutability or complementarity.

Substitutes

Substitutes are alternative products or services that consumers can use in place of another to fulfill the same needs or desires.

Cross-Price Elasticity

A measure of how the demand for one good responds to a change in the price of another good.