An Express Trust Is a Trust

question 2

Multiple Choice

An express trust is a trust:

• A) created only by an oral statement.
• B) established by voluntary action.
• C) established by law through the courts when the parties' conduct seems to warrant the creation of a trust.
• D) All of these.

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Definitions:

Trade

The act of buying, selling, or exchanging goods and services between people or entities within or across borders.

Microchips

Compact devices made of semiconductor material, which include integrated circuits, used across a wide range of tech applications.

Tires

Rubber coverings placed around wheels to provide traction, support the vehicle's load, and absorb shocks from the road surface.

Absolute Advantage

A condition where a country, individual, or company can produce a good or service at a lower cost in terms of labor and resources than competitors.