Which of the Following Is a False Statement Regarding the Trust

question 52

Multiple Choice

Which of the following is a false statement regarding the trust system in India?

• A) There are legal constructs, similar to trusts, allowing families to pass wealth from generation to generation.
• B) Civil law governs the trust system in India.
• C) The family waqf resembles a trust, although the beneficiary of a family waqf must have a religious, pious, or charitable purpose.
• D) Waqfs and trusts have some similarities.
• E) Some legal scholars have suggested that the religious roots of the waqf have made this construct less flexible and responsive to change over time than the trust, with its secular roots.

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Definitions:

Assurance

A positive declaration intended to give confidence; in business, it often refers to guarantees or warranties offered on products or services.

Service Quality

The degree to which a service meets the expectations of the customer, influencing customer satisfaction and loyalty.

Customer Contact Audit

A systematic review of all the points at which a business interacts with its customers, aiming to improve service quality and customer satisfaction.

Flowchart

A diagram that displays a process or system using symbols and arrows to represent steps and the flow direction, respectively.