A Trust Is A

question 164

Multiple Choice

A trust is a:

• A) form of property ownership created by the common law that separates the legal and beneficial ownership of property
• B) form of property ownership created by the tort law that separates the legal and beneficial ownership of property
• C) form of property ownership created by the common law that combines the legal and beneficial ownership of property
• D) form of property ownership created by the common law that prevents people from stealing inheritance money from their co-inheritors
• E) none of the other choices are correct

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Definitions:

Certification Election

A formal process in which employees vote to decide whether they wish to be represented by a union.

Picketing

Occurs when workers representing the union march at the entrance to the employer’s facility with signs explaining their reasons for striking.

Price Floor

A government- or authority-imposed price control or limit on how low a price can be charged for a product.

Effective Price Floor

A government-imposed price control above the equilibrium price, intended to ensure producers receive a minimum price higher than what the market would naturally dictate.