An Express Trust Is a Trust

question 49

Multiple Choice

An express trust is a trust:

• A)established by law through the courts when the parties' conduct seems to warrant the creation of a trust.
• B)established by voluntary action.
• C)represented by a written document, oral statements, or the conduct of the settlor.
• D)All of the above.
• E)Both (b) and (c).

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Definitions:

Situation

A set of circumstances or the state of affairs at a particular time and place.

Perceived

Regarded or understood in a certain way by individuals, based on their own observations or interpretations.

Fundamental Attribution Error

The bias of attributing others' actions to their character rather than to situational factors.

Observers

Individuals who watch or notice something or someone, commonly used in the context of scientific research or social studies.