In Order for a Trust to Be Created, Who Must

question 1

Multiple Choice

In order for a trust to be created, who must be able to hold legal title?

• A) the beneficiary only
• B) the trustee only
• C) either the beneficiary or the trustee
• D) both the beneficiary and the trustee

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Definitions:

Pattern Designers

Professionals who create templates for parts of garments or other items, ensuring they fit together perfectly to produce the intended design.

Fixed Cost

Expenses that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.

Color Dyes

Chemical substances used to impart color to various materials, including textiles, hair, and paper.

Variable Cost

Expenses that vary directly with the level of production or sales, such as raw materials and labor costs.