Examlex
Which of the following is likely to have the most price inelastic demand?
Trustee
A person in whom property is vested in trust for another.
Illegal
Refers to actions or activities that are prohibited by law or statute.
Spendthrift Clause
A provision in a trust that prevents beneficiaries from pledging or assigning their interest in the trust's assets to creditors, offering protection from creditors' claims.
Beneficiary Protection
Legal measures or provisions that ensure the rights and interests of beneficiaries, particularly in insurance and estate matters, are safeguarded.
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