Which, If Any, of the Following Statements Are True in Relation

question 6

Multiple Choice

Which, if any, of the following statements are true in relation to the protector of a discretionary trust?

• A) A protector is a device worn by cricketers to prevent injury to a sensitive part of their anatomy.
• B) The protector's consent may be required to the exercise of any discretion by the trustees.
• C) All discretionary trusts must have a protector.
• D) The protector may remove objects from the trust, or add them.

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Definitions:

Industrial Revolution

A period of major industrialization from the late 18th to early 19th century that transformed agriculture-based societies into industrialized ones.

Large Corporations

Very big companies or enterprises that operate in multiple markets, often globally, and have substantial revenues and assets.

Ethical Behavior

Acting in ways consistent with societal norms and values, including honesty, fairness, and integrity.

Affirmative Social Responsibility

A concept where businesses and organizations actively contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices.