Which of the Following Is Not a Duty of a Trustee

question 43

Multiple Choice

Which of the following is not a duty of a trustee?

• A) to use reasonable skill
• B) to defend the trust in court
• C) to invest trust assets
• D) to deliver possession of trust assets to the settlor for the trust period

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Definitions:

For Deposit

A notation indicating that funds are to be deposited into a bank account rather than cashed or used for another purpose.

Legal Remedies

Measures granted by the court to enforce a right, compensate for an injury, or rectify a wrong. This includes damages, injunctions, and specific performance.

Electronic Note

A digital form of a promissory note or loan agreement, legally binding and used in financial transactions.

Negotiable Instrument

A documented promise to pay a certain sum of money, either when asked for or at a predetermined date.