Which of the Following Is NOT a Requirement for the Creation

question 14

Multiple Choice

Which of the following is NOT a requirement for the creation of a trust?

• A)A trustee.
• B)A beneficiary.
• C)A trust deed.
• D)Trust property.

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Definitions:

Buyer

An individual or entity that purchases goods or services from another party.

Seller

An individual or entity that is offering a product or service for sale.

Forward Contract

A customizable financial contract between two parties to buy or sell an asset at a specified future time at a price agreed upon at the moment of the contract’s initiation.

Settlement Price

The settlement price is the official price at the end of a trading session on futures exchanges, used for calculations of account margins.