Which of the Following Statements Best Describes the Rules on Purpose

question 3

Multiple Choice

Which of the following statements best describes the rules on purpose trusts?

• A) Equity will allow the enforcement of a trust for a purpose, just at it allows a trust to exist for named individuals.
• B) Equity will normally only allow the enforcement of purpose a trust where that trust is recognized as a charitable trust under the legal definition of 'charity'.
• C) Settlors may create trusts for a purpose, but equity will not enforce them.
• D) Equity will recognise a purpose trust, as long as at least one named beneficiary also benefits under the trust.

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