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:

Total Utility

The total satisfaction or benefit obtained from consuming a given quantity of goods or services.

Marginal Utility

The added satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.

Total Utility

This term refers to the total satisfaction received by consuming a certain amount of goods or services.

Milk Shakes

Although commonly a beverage, if not directly relevant to economics or provided as a specific economic term, the answer is NO.