Which Is NOT a Subcategory of Express Trusts

question 18

Multiple Choice

Which is NOT a subcategory of express trusts?

• A)Inter vivos or testamentary trusts
• B)Private or public trusts
• C)Active or passive trusts
• D)Implied or nonimplied trusts

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Definitions:

General Equilibrium

A condition in an economy where supply and demand are balanced across all markets simultaneously.

Market Equilibrium

The state in which the supply of an item is exactly equal to its demand, leading to a stable market price.

General Equilibrium

This is an economic concept referring to the condition where all markets in an economy are in simultaneous equilibrium, with supply meeting demand in each market.

Consumer Preference

Individual choices and priorities when selecting from a range of products or services, influenced by tastes, attitudes, and other factors.