As the Trustee of a Business Trust, Travis Is Required

question 36

Multiple Choice

As the trustee of a business trust, Travis is required to

• A) ​distribute the trust's profits.
• B) ​assume responsibility for the trust's debts.
• C) ​draft a written trust agreement.
• D) ​none of the choices.

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Definitions:

Cognitive

Relating to mental processes such as perception, memory, and reasoning.

Affective

Relating to moods, feelings, and attitudes.

Behavioral

Pertaining to the actions or reactions of persons or things in response to external or internal stimuli.

Intense Dislike

A powerful feeling of aversion or opposition towards someone or something.