A Trust Is a Legal Entity That Can Only Exist

question 107

True/False

A trust is a legal entity that can only exist for a year.

---

Definitions:

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different segments of consumers.

Tying Agreements

Contracts where a seller requires a buyer to purchase a secondary product as a condition of buying a desired primary product.

Geographic Areas

Distinct locations distinguished by physical, administrative, cultural, or geographical boundaries.

Product X

A placeholder name for a generic product or service being discussed or analyzed.