Which of the Following Statements About a Trustee Is NOT

question 35

Multiple Choice

Which of the following statements about a trustee is NOT true?

• A)The liability of a trustee is unlimited unless a company is appointed to operate the business of the trust.
• B)Any person capable of holding the title to property is capable of being a trustee.
• C)The trustee is responsible for all losses on trust investments.
• D)The trustee is entitled to full indemnity out of the trust property for their expenses and costs.

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