Which of the Following Is a False Statement Regarding the Trust

question 12

Multiple Choice

Which of the following is a false statement regarding the trust system in India?

• A)The family waqf resembles a trust,although the beneficiary of a family waqf must have a religious,pious,or charitable purpose.
• B)Waqfs and trusts have some similarities.
• C)Some legal scholars have suggested that the religious roots of the waqf have made this construct less flexible and responsive to change over time than the trust,with its secular roots.
• D)Civil law governs the trust system in India.
• E)There are legal constructs,similar to trusts,allowing families to pass wealth from generation to generation.

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Definitions:

Business Friendship

A friendly relationship between individuals who engage in business transactions, aiming to create a positive, cooperative environment.

Business Friendship

refers to a relationship between professionals that, while based on mutual business interests, includes elements of personal connection and trust.

Acquaintances

People one knows slightly, but who are not close friends, often playing roles in professional networking or casual social interactions.

Customer Service

The support and assistance provided by a company to those people who buy or use its products or services.