The Grantor of a Trust Generally Designates Both ____________________ and ____________________

question 13

Short Answer

The grantor of a trust generally designates both ____________________ and ____________________ beneficiaries under the controlling agreement.
or

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Definitions:

Duty of Performance

An obligation of a party in a contract to complete the tasks, obligations, or services as agreed upon in the contract.

Uncertain Event

An event whose occurrence or outcome is not known or predictable with certainty, often associated with risk assessment.

Condition

A stipulation or requirement in a contract that must be met for the contract to be fully enforceable.

Anticipatory Repudiation

A contractual condition where one party indicates they will not fulfill their contractual duties before the time of performance is due.