Which of the Following Statements Is False in Relation to the Duties

question 1

Multiple Choice

Which of the following statements is false in relation to the duties imposed on trustees of a trust?

• A) A trustee is free to deal with trust property as owner, but is compelled by equity to use this freedom to benefit the beneficiaries.
• B) Any act of a trustee in breach of trust will automatically be void.
• C) The exact obligations imposed on trustees derive from the intention of the settlor, general equitable principles and statutory duties.
• D) Trustees must carry out the duties under a trust, and can be ordered to do so or replaced by the court.

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Definitions:

Silver Future

A standardized, exchange-traded contract to buy or sell a specific amount of silver at a future date and price.

Loss

The reduction in value experienced by an investment or business operation when expenses exceed revenues.

Expectations Hypothesis

A theory suggesting that the long-term interest rates reflect market expectations for future short-term rates.

Futures Pricing

The process of determining the price at which a futures contract is bought or sold, typically influenced by supply and demand, interest rates, and expected future market conditions.