Of the Following Elements, Which One Is NOT Required to Create

question 37

Multiple Choice

Of the following elements, which one is NOT required to create an enforceable trust?

• A) Consideration.
• B) Legal capacity.
• C) Specific property.
• D) A beneficiary.

---

Definitions:

Company Name

The legally registered title under which a corporation operates its business.

Direct Cross-Subsidies

A financial practice where the revenue from one product or service directly supports another within the same company, often to maintain competitive pricing or support strategic objectives.

Above Market Rates

Compensation or prices that exceed the average or expected standard within a specific industry or market.

Free Meal

A meal provided without charge, often as a form of aid, hospitality, or marketing strategy.