Which of the Following Statements About a Trustee Is NOT

question 35

Multiple Choice

Which of the following statements about a trustee is NOT true?

• A)The liability of a trustee is unlimited unless a company is appointed to operate the business of the trust.
• B)Any person capable of holding the title to property is capable of being a trustee.
• C)The trustee is responsible for all losses on trust investments.
• D)The trustee is entitled to full indemnity out of the trust property for their expenses and costs.

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Definitions:

Union-Free

A workplace or environment where no labor unions are present or involved in worker representation.

Competitive Wages

Wages that are equal to or higher than those offered by competitors within the same industry, aimed at attracting and retaining top talent.

Employee Motivation

The level of enthusiasm, energy, and commitment that employees bring to their jobs to achieve personal and organizational goals.

Formal Procedures

Established, official methods and processes used within an organization to conduct its business or operations.