As the Beneficiary of a Business Trust,Kevin's Liability for Trust

question 39

Multiple Choice

As the beneficiary of a business trust,Kevin's liability for trust debts and obligations is

• A)limited to his capital investment in the trust.
• B)limited to his personal assets.
• C)nothing.
• D)unlimited.

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Definitions:

Behavior Therapy

A form of psychotherapy focused on changing negative behaviors through conditioning and reinforcement techniques.

Principles Of Learning

Fundamental guidelines or rules that explain how individuals acquire skills, knowledge, habits, attitudes, or behaviors through study, experience, or teaching.

Orientation Behavior

The ability of an organism to recognize its position in its environment through cues and to adjust its behaviors accordingly.

Systematic Application

The organized, methodical implementation of procedures, practices, or policies in order to achieve specific objectives.