The Powers of a Trustee Are Determined Solely by the Trust

question 16

True/False

The powers of a trustee are determined solely by the trust instrument.

---

Definitions:

Equilibrium Price

The market price where the supply of goods matches demand.

Equilibrium Quantity

The amount of goods or services supplied and demanded at the equilibrium price.

Bushels

A unit of volume that is used primarily in the United States to measure agricultural commodities, like grains and fruits.

Shortage

A situation in which the demand for a good or service exceeds its supply at a particular price.