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Section 11 of Trusts of Land and Appointment of Trustees

question 15

True/False

section 11 of Trusts of Land and Appointment of Trustees Act 1996 prevents trustees of land from selling the property and overreaching the equitable interests in that property where the beneficiaries do not agree to that sale.


Definitions:

Cash Dividend

A payout from a company's profits, determined by the board of directors, given to a group of its stockholders as cash.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the ownership interest of shareholders.

Board of Directors

A group of individuals elected to represent shareholders and govern the corporation's affairs, making key decisions on its behalf.

Prior Period Adjustment

A correction of errors in previously issued financial statements to reflect accurate past financial information.

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