When a Contributor and a Government Agree That the Principle

question 105

True/False

When a contributor and a government agree that the principle and/or income of trust assets is for the benefit of individuals,organizations,or other governments,an investment trust has been formed.

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Definitions:

Counter Offer

A new offer made in response to an offer received, which implies the rejection of the original offer.

Revocation

The official cancellation or withdrawal of an offer, agreement, or license, making it no longer valid.

Offeror Dies

A legal situation that generally results in the termination of an offer when the person making the offer passes away before acceptance, affecting contract formation.

Insanity Of Offeror

A legal defense where the validity of a contract is questioned due to the mental capability of the party making the offer at the time of agreement.