A Distinguishing Characteristic of a Business Trust Is That

question 35

Multiple Choice

A distinguishing characteristic of a business trust is that:

• A)the trust estate is devoted to the conduct of a business.
• B)each beneficiary must have the consent of all the other beneficiaries in order to sell or transfer his interest in the trust.
• C)the trustees and beneficiaries share the functions of management and control.
• D)All of these.

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