A Person's Written Statement That He Is Leaving Property "To

question 67

True/False

A person's written statement that he is leaving property "to Margaret in full confidence and with hope she will take care of Tina" is too indefinite to create a trust.

---

Definitions:

Quota Rents

The earnings that accrue to the licensee of an import license when the government imposes a quota.

Import Licenses

Official permissions required by governments for the importation of certain goods, often used to control the volume and types of goods entering a country.

U.S. Trade Protection

Policies and measures implemented by the United States government to protect its industries from foreign competition, including tariffs, quotas, and subsidies.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.