When Money or Property Is Left in Trust to a Charity

question 15

Multiple Choice

When money or property is left in trust to a charity and the charity ceases to exist, under this doctrine, if the court finds that the settlor had a general charitable intent, the trust fund will be turned over to another closely related charity:

• A) Rule against perpetuities.
• B) Crummy powers.
• C) Cy pres doctrine.
• D) Spendthrift.

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Definitions:

Free Markets

Economic systems where transactions are conducted without significant government intervention, allowing for the free exchange of goods and services based on supply and demand.

Education Levels

The attainment or degree of educational qualifications measured across a population, reflecting various stages like primary, secondary, and tertiary education.

Literacy Rates

Literacy Rates measure the percentage of the population over a certain age that can read and write, often used as an indicator of educational achievement.

Convergence

A theory predicting that the standard of living in economies around the world will grow more similar over time, with poorer countries eventually catching up with richer ones.