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In the summertime, Catherine and Peter have a lawn-mowing business. At the end of the summer, how will Catherine and Peter divide up their earnings if they follow the norm of equality? The norm of equity? The norm of power? The norm of need? The norm of responsibility?
Settlor
A person who creates a trust. Also called trustor.
Charitable Purposes
Activities undertaken with the aim of providing relief to the poor, advancing education, or other acts benefiting the community without profit motive.
Formalities
Specific procedures or requirements that must be observed in legal transactions, such as contracts or the execution of a will.
Void
A term describing a contract or legal agreement that has no legal effect and cannot be enforced by law.
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