A Trustee Has a Duty to Make Proper Allocation of Benefits

question 72

Multiple Choice

A trustee has a duty to make proper allocation of benefits and burdens between income beneficiaries and remaindermen. Which of the following statements is true concerning this allocation?

• A) Current expenses are chargeable to the remaindermen.
• B) Extraordinary expenses are chargeable to the remaindermen.
• C) Money paid for the use of trust property is chargeable to the remaindermen.
• D) Any profit from the use of trust property is allocated to the remaindermen.

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Definitions:

Basidiomycete

Member of a phylum of fungi characterized by the production of sexual basidiospores.

Zygote Germination

The process by which a zygote begins to grow and develop into a new organism, typically after a period of dormancy in plants.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of gametes or spores.

Zoosporangium

A structure in fungi and some algae that produces zoospores, which are a type of motile spore.