Which of the Following Is a False Statement Regarding Trusts

question 1

Multiple Choice

Which of the following is a false statement regarding trusts?

• A)A court can place assets of a partnership in a constructive trust if it discovers that one partner is engaging in fraudulent or unconscionable conduct that might negatively affect the interests of another partner.
• B)Trusts may be set up to make "awards" to family members who make significant contributions in certain fields,such as education,science,law,or medicine.
• C)A trust document may state that the trust will terminate when an event happens,such as when the remainderman reaches a certain age.
• D)Settlors may create trusts to prevent individuals from getting access to certain assets.
• E)A settlor may revoke a trust at any time.

---

Definitions:

Supply and Demand

Economic principles that describe the relationship between the availability of a good and the desire for that good, affecting its price.

Component Firms

Companies that supply parts or services to other businesses in the production process.

End Customer

The final consumer of a product or service who does not intend to resell it; the ultimate user in the distribution chain.

Value

The importance, worth, or usefulness of something, perceived by individuals or markets, often influencing decisions and preferences.