An Express Trust Is Created or Declared in Definite Terms

question 22

True/False

An express trust is created or declared in definite terms.

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Definitions:

Dividend Payments

Distributions of earnings made to shareholders by corporations, usually in the form of cash or additional shares.

Manufacturing Expenses

Costs associated with producing goods, including raw materials, labor, and overhead.

Controversial Organizations

Organizations that generate public disagreement or debate due to their practices, missions, or impact on society.

Social Responsibility

Social responsibility is the commitment of a business to contribute to sustainable development, welfare of the community and society at large, beyond its profit objectives.