An Express Trust May Be Found If the Intent of the Grantor

question 18

True/False

An express trust may be found if the intent of the grantor to create a trust is unmistakable.

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Definitions:

Present Values

The present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Capital Rationing

The process of limiting the number of new projects or investments undertaken by a company due to budget constraints.

Capital Investment Proposals

Plans or suggestions put forward for consideration regarding the investment of capital into long-term assets or projects expected to provide benefits over multiple periods.

Time Value of Money Concept

The idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.