Who Is a 'Volunteer' in Equity

question 9

Multiple Choice

Who is a 'volunteer' in equity?

• A) A person who has not provided valuable consideration for the promise to create a trust.
• B) A person who gratuitously agrees to act as a trustee.
• C) Any beneficiary of a trust.
• D) A person who has made a subjective decision to enter into a trust with another, without coercion.

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Definitions:

Social Status

An individual’s position within the class structure.

Class Structure

A society’s economic hierarchy that categorizes groups of people based on their socioeconomic status.

Social Constructions

Theories or concepts that suggest that the realities of the world are not inherent, but are constructed by social processes, shaped by cultural and historical contexts.

Social Stratification

The division of society into different hierarchically arranged levels based on factors like wealth, power, race, or education.