A Minor's Declaration of Trust Is Voidable

question 51

True/False

A minor's declaration of trust is voidable.

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Definitions:

Debentures

Debentures are a type of long-term debt instrument issued by corporations and governments to secure capital, often unsecured and backed only by the issuer's creditworthiness.

Warrants

Official documents that grant the holder the right, but not the obligation, to buy or sell something at a predetermined price within a specified timeframe.

Securities

Financial instruments representing ownership positions in publicly-traded corporations, creditor relationships with governmental bodies or corporations, or rights to ownership.

Wrongful Discharge

The unjust firing of an employee in violation of the contract or laws protecting employees.