Which of the Following Is Most Likely to Breach One

question 24

Multiple Choice

Which of the following is most likely to breach one of the trustee's fiduciary duties?

• A)Selling stock owned by the trust to realize capital gains.
• B)Selling stock owned by the trust because it has declined in value over the last three years.
• C)Delegating the selection of trust investments to an investment advisor.
• D)Delegating the preparation of statements of account to an accountant.

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Definitions:

Existential Generalization

A form of inference where from a specific case one concludes the existence of an instance satisfying a particular condition.

Existential Instantiation

A logical principle stating that if something is said to exist, then a specific instance of that thing must also exist.

Universal Generalization

A logical operation that infers a general statement from specific cases, asserting that a property or relation holds for all members of a certain category.

Universal Instantiation

A logical rule that infers from the truth of a universally quantified statement about all members of a domain, the truth of that statement about any specific member.