Which Duty Prohibits a Trustee from Personally Profiting from His/her

question 6

Multiple Choice

Which duty prohibits a trustee from personally profiting from his/her position as trustee (other than the compensation allowed by contract or law) ?

• A)Duty to take possession of and preserve trust property
• B)Duty of loyalty
• C)Duty to prevent the investment of the trust property
• D)Duty to make payments of income and principal to the named beneficiaries

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Definitions:

System Settings

A section within a computer or application where users can modify preferences and configurations.

Administrator

A user role with extensive permissions to manage and configure software systems or networks.

Local Account

An account that is created and managed on a specific device, allowing access to that device's resources and applications, without requiring online verification or connection to a network domain.

User Account Control

A security feature in Microsoft Windows that helps prevent unauthorized changes to the operating system by prompting the user for permission.