Which of the Following Statements Most Accurately Describes the Ways

question 3

Multiple Choice

Which of the following statements most accurately describes the ways in which a settlor (owner of property) may seek to create a trust?

• A) Either by transfer of the property to be settled on trust to a third party to act as trustee, or by the settlor declaring him- or herself trustee.
• B) Transfer to a single third party to act as trustee, or to a group of persons to act as trustees.
• C) Either by declaring himself trustee for the beneficiary or beneficiaries, or declaring himself one of a body of collective trustees.
• D) Either by setting out his wishes orally, or in writing.

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Definitions:

Sodium-Potassium Pump

A cellular membrane protein that moves sodium out of and potassium into a cell against their concentration gradients, vital for maintaining cellular homeostasis.

Lou Gehrig Disease

Also known as Amyotrophic Lateral Sclerosis (ALS), a progressive neurodegenerative disease affecting nerve cells in the brain and spinal cord.

Amyotrophic Lateral Sclerosis

A progressive neurodegenerative disease affecting motor neurons, leading to muscle weakness and atrophy.

Multiple Sclerosis

An autoimmune disorder where the body's immune system attacks the protective sheath (myelin) of nerve fibers, causing communication problems between the brain and the rest of the body.