Which Are the Three Certainties That Are Necessary for the Creation

question 22

Multiple Choice

Which are the three certainties that are necessary for the creation of an express trust?

• A)Intention to create a trust,agreement and consideration.
• B)Intention to create a trust,plus certainty of the identity of the property and beneficiaries.
• C)Intention to create a trust,consent of the beneficiaries and agreement of the trustee.
• D)Consideration,knowledge on the part of the beneficiaries and certainty of duration.

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Definitions:

Fast-Food Chain

A series of restaurants serving food quickly and standardized in method and by the same brand name.

Payback Period

The length of time required to recover the cost of an investment or to reach the break-even point.

Initial Investment

The initial amount of money spent to start a project, purchase assets, or acquire a stake in a business venture.

Net Operating Income

A financial metric that calculates the profitability of a business's core operations, excluding the costs and returns of financial activities and one-time events.