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.

Explain the significance of fixed and ascertainable amounts in the context of negotiable instruments.

Recognize the importance of an unconditional promise or order to pay in determining negotiability.

Understand the concept of negotiability in international trade finance instruments.

Recognize the legal implications of signatures and their forms on negotiable instruments.

---

Definitions:

Confined Aquifer

An aquifer that is separated from Earth’s surface by materials with low permeability.

Artesian Well

A well drilled through impermeable strata to reach water capable of rising to the surface under natural pressure.

Confined Aquifer

An aquifer bounded by impermeable layers, where the water is under pressure, allowing it to rise above the level of the aquifer when tapped.

Permeability

A measure of how easily fluids can pass through a rock or sediment, depending on the connectivity of its pores.