Which of These Statements Is False

question 1

Multiple Choice

Which of these statements is false?

• A) New or replacement trustees must always be appointed by deed.
• B) New or replacement trustees must be appointed in the manner prescribed by the power to make the appointment.
• C) A deed is required to vest the trust property in a new trustee of land.
• D) The appointment of a new trustee requires the approval of the protector if this is specified in the trust instrument.

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Definitions:

Welfare Benefits

Financial assistance provided by government agencies to individuals or families in need, aimed at ensuring a minimum standard of living.

Income Inequality

Income inequality refers to the extent to which income is distributed unevenly among a population.

Income Levels

The different tiers of annual income among individuals or households, often categorized to analyze economic inequality, spending habits, or tax policies.

Incidence

The occurrence, rate, or frequency of a disease, crime, or something similarly undesirable.