A Trust Is a Legal Entity Whose Purpose Is to Hold

question 35

True/False

A trust is a legal entity whose purpose is to hold and administer property for beneficiaries.

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Definitions:

Government Action

Refers to any activity or initiative undertaken by a governmental body, ranging from policy decisions to legislative enactments and enforcement measures.

Louvre

A world-renowned museum in Paris, France, known for its vast collection of art and historical artifacts, including the Mona Lisa.

House Of Commons

The lower house of the Parliament of the United Kingdom, responsible for making and passing legislation.

Constitutional Convention

A formal assembly of delegates with the purpose of drafting or revising a constitution or laws.