An Express Trust Is Created or Declared in Explicit Terms

question 65

True/False

An express trust is created or declared in explicit terms.

---

Definitions:

College

An institution of higher education offering undergraduate programs, sometimes along with graduate programs.

Tuition

The fee charged for instruction, typically at an educational institution like a university or college.

Opportunity Cost

The worth of the best option given up because of a choice made.

Dollar Terms

Financial transactions or economic measurements that are denominated in the U.S. dollar currency.