Identify the Following: -Hearing

question 54

Short Answer

Identify the following:
-Hearing

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Definitions:

Settlor

A person who creates a trust. Also called trustor.

Charitable Purposes

Activities undertaken with the aim of providing relief to the poor, advancing education, or other acts benefiting the community without profit motive.

Formalities

Specific procedures or requirements that must be observed in legal transactions, such as contracts or the execution of a will.

Void

A term describing a contract or legal agreement that has no legal effect and cannot be enforced by law.