Which of the Following Is False a Trust

question 14

Multiple Choice

Which of the following is false a trust?

• A) Interest may be generated by a trust.
• B) Income may be paid to a person identified as an income beneficiary.
• C) A person entitled to income must be the person entitled to the trust corpus.
• D) A trust may be created to protect a pet.
• E) A trust may be created for tax reasons.

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Definitions:

Union Dues

Fees paid by members to a labor union to support its operations and activities.

Bargaining Agent

A body certified to act on behalf of a group of employees or employers.

Bargaining Unit

A group of employees with a clear and identifiable community of interest who are represented by a single labor union in collective bargaining.

Public Sector

The part of the economy that is controlled by the government including services such as education, healthcare, and law enforcement.