A Charitable Trust Is Not Valid If No Definitely Ascertainable

question 26

True/False

A charitable trust is not valid if no definitely ascertainable beneficiary is named and or if it is to continue for an indefinite or unlimited period.

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Definitions:

Lean Environment

An approach to operations that emphasizes the minimization of waste within manufacturing systems while simultaneously maximizing productivity.

Raw Materials

Basic materials used in the production process, not yet processed or manufactured into final products.

Traditional Environment

An operational setting adhering to long-established methods and practices, often resisting modernization.

Setups

Preparatory actions or costs associated with configuring equipment or workspaces for a production run or task.