Which of the Following Is a True Statement

question 70

Multiple Choice

Which of the following is a True statement?

• A) A fiduciary entity is a legal entity that takes possession of property for the benefit of a person.
• B) An estate is a fiduciary that comes into existence upon a person's death to transfer the decedent's real and personal property.
• C) A trust is also a fiduciary whose purpose is to hold and administer the corpus for other persons (beneficiaries).
• D) An estate exists only temporarily, but a trust may have a prolonged or even indefinite existence.
• E) All of the choices are True.

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Definitions:

Supporting Details

Information or facts provided in writing or speech that back up, illustrate, or elaborate on the main idea.

Closing Thought

The final idea or statement in a piece of writing, designed to leave a lasting impression on the reader.

Deductive Sequence

A logical progression where conclusions are drawn based on general principles or premises leading to specific results.

Indirect Sequence

A communication strategy that presents supporting details and evidence before revealing the main idea or conclusion.