A Trust Created While the Settlor Is Alive or by Will

question 68

Multiple Choice

A trust created while the settlor is alive or by will is known as a(n) ________.

• A) Actual
• B) Express
• C) Implied
• D) Resulting
• E) Congruent

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Definitions:

Material Change Report

A document filed by publicly traded companies to disclose any changes that could be considered important to shareholders or the market.

Insider Trade

Buying or selling a security by someone who has access to material, nonpublic information about the security.

Mining Exploration

The process of searching for minerals or precious metals in the ground through geological research and physical exploration methods.

Gold Find

The discovery of gold, typically in significant quantities, which often prompts mining activities and economic interest in the area.