State and explain whether or not a trust is created in each of the following situations: a.
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State and explain whether or not a trust is created in each of the following situations:
a. A declares herself trustee of “the bulk of my securities” in trust for B.
b. A, the owner of Blackacre, purports to convey to B in trust for C “a small part” of Blackacre.
c. A deposits $100,000 in a savings bank. He declares himself trustee of the deposit in trust to pay B $50,000 out of the deposit, reserving the power to withdraw from the deposit any amounts not in excess of $50,000.
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Related Book For
Essentials Of Business Law And The Legal Environment
ISBN: 9781337555180
13th Edition
Authors: Richard A Mann, Barry S Roberts
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