Kai Establishes a Trust, Naming Loo as the Trustee and Giving

question 41

Multiple Choice

Kai establishes a trust, naming Loo as the trustee and giving him discretionary investment power. A state statute confines trustees to investments in conservative debt securities. In investing the trust assets, Loo does not follow the statute, but generally exercises the degree of care that a prudent person would exercise in his personal affairs. In this situation, Loo is liable for

• A)not complying with the purposes of the trust.
• B)none of the choices
• C)failing to follow the statute.
• D)exercising the same degree of the care as he would in his own affairs.

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Discarded metal suitable for reprocessing or recycling.

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Pertaining to the research, development, and manufacture of drugs and medications.

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