Martin Is the Trustee of a Family Trust, Over Which

question 5

Multiple Choice

Martin is the trustee of a family trust, over which he has powers of investment. The trust includes shares in a variety of companies and cash assets. The trust directs Martin to hold the property on trust for Wendy for life, and on Wendy's death for the Royal Society for the Protection of Birds.
Advise Martin as to which of the following statements are a false statement of his powers in relation the trust property:

• A) Martin must keep the cash on bank deposit, but can change the other investments as he wishes.
• B) Any proceeds received as dividends on shares must be reinvested in the trust fund.
• C) Martin must have regard to keeping a balance between income generation and capital growth in reviewing the trust investments from time to time.
• D) Martin can change the investments if a company is underperforming or to increase the range of investments.

Discern the procedural and regulatory frameworks established by federal securities laws for the offering and sale of securities.

Understand the calculation and implications of mutation rates in genetic loci.

Comprehend the historical and philosophical contributions to the theory of evolution, including by Lyell and Darwin.

Recognize the role of natural selection and other evolutionary processes (genetic drift, gene flow) in shaping genetic variation and population genetics.

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Definitions:

Organizational Cultural Lag

Organizational cultural lag is a condition in which dominant cultural patterns are inconsistent with new emerging innovations.

Cultural Patterns

The shared beliefs, norms, behaviors, and values that are consistent among members of a society or organization.

Dominant

Refers to having authority or a commanding position over others in a social or organizational hierarchy.

Cultural Lag

The phenomenon where changes in societal norms, values, and technology outpace adjustments in the cultural and legal frameworks, leading to a period of adjustment and conflict.