Which of the Following Statements Is Not True in Relation

question 5

Multiple Choice

Which of the following statements is not true in relation to volunteers?

• A) It is irrelevant that the beneficiary was a volunteer, if the trust has been completely constituted.
• B) A volunteer may not compel a would-be trustee to sue on his or her behalf to enforce the promise to create a trust.
• C) A volunteer may never enforce an incompletely constituted trust.
• D) A volunteer who is party to a covenant to settle property on trust will get no assistance from equity, but may have rights in common law.

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Definitions:

Expiration Date

The last day on which an option can be exercised.

Underlying Asset

The financial instrument (e.g., stock, bond, commodity) upon which a derivative's price is based.

American Put Option

A financial derivative that gives the holder the right to sell an asset at a specified price within a specified time.

Volatility

In financial contexts, volatility refers to the degree of variation of a trading price series over time, which is usually measured by the standard deviation of log returns.