Examlex
Which of the following statements is incorrect in relation to the trustee of a trust?
Revoke
To officially cancel, withdraw, or annul a decision, order, or agreement.
Impunity
Exemption from punishment or loss or escape from fines in cases where actions could typically result in such consequences.
Joint Tenancy
is a form of property ownership where two or more parties hold equal ownership interests, and the survivor(s) inherit any deceased's share.
Surviving Owner
refers to an individual who co-owned property or assets with another and retains ownership after the other’s death, often in joint tenancy agreements.
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