Choose the Word or Phrase in [ ] Which Will

question 160

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-If you want to create a living trust that provides tax advantages,you will need to establish [a revocable | an irrevocable] trust.

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Definitions:

Title

A legal term that represents ownership rights to property.

Specific Performance

A legal remedy in contracts law requiring a party to perform their part of the contract, as opposed to paying damages for failing to do so.

Delegation

The transfer of a contractual duty.