Which of the Following Is a True Statement

question 60

Multiple Choice

Which of the following is a true statement?

• A) A fiduciary entity is a legal entity that takes possession of property for the benefit of a person.
• B) An estate is a fiduciary that comes into existence upon a person's death to transfer the decedent's real and personal property.
• C) A trust is also a fiduciary whose purpose is to hold and administer the corpus for other persons (beneficiaries).
• D) An estate exists only temporarily, but a trust may have a prolonged or even indefinite existence.
• E) All of the choices are true.

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Definitions:

Personality Differences

Variations in the characteristic patterns of thinking, feeling, and behaving among individuals.

Major Sources

Major sources refer to the primary or most important origins or points of information, supply, or influence.

Personality Stability

The consistency of individual characteristics, traits, and behaviors over time.

Positive Emotions

Feelings that are enjoyable or pleasing, such as happiness, joy, excitement, and love.