An Indorsement in Trust Creates a Trust for the Benefit

question 11

True/False

An indorsement in trust creates a trust for the benefit of himself or others.

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Definitions:

Annual Profit

The amount of money a business earns in one year after all expenses have been deducted from its total revenue.

Investment

Allocating monetary assets with the aim of achieving returns or generating revenue.

Property Taxes

Taxes levied by local government on real estate properties, based on the assessed value of the property.

Vendor

A person or company offering something for sale, especially a trader in the goods or services sector.