Examlex

Solved

Information Is Taken from the Journal and Then Posted to the Ledger

question 39

True/False

Information is taken from the journal and then posted to the ledger.


Definitions:

Express Trust

A legal agreement created intentionally by a grantor, designating a trustee to manage assets for the benefit of beneficiaries.

Grantor

An individual or entity that transfers property rights to another person or entity.

Constructive Trusts

Legal arrangements treated by a court as if they are actual trusts, when someone has wrongfully obtained or withheld property that rightfully should belong to another.

Creator

An individual or entity that brings something new into existence or is responsible for the original conception of a work or idea.

Related Questions