MATCHING: -A Contract, Made Between and Signed by the Settlor and and Trustee

question 8

Multiple Choice

MATCHING:
-A contract, made between and signed by the settlor and trustee, that creates a trust

• A)legal title
• B)cestui que trust
• C)equitable title
• D)testamentary trust
• E)trust agreement
• F)principal
• G)income
• H)Restatement of the American Law of Trusts
• I)Uniform Trust Code
• J)parol evidence

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Definitions:

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.

Transitive

In economics and decision theory, referring to preferences that are consistent in their ranking: if option A is preferred over B, and B over C, then A is preferred over C.

Indifference

A state or condition of a consumer where different combinations of goods or outcomes are perceived as equally preferable.

Bundles

A collection of goods or services sold as a single package, often offered at a discount compared to buying each item separately.