a. Clarence is the trustee of a trust.With $75,000.00 of his own money, Clarence purchases a parcel of real estate.Two months later he sells the parcel to the trust for $150,000.00 and pockets the profit.Discuss the situation in terms of the duties and powers of the trustee. Please explain and discuss fully.

b. What are the roles and functions of the settlor, beneficiary, corpus, and trustee in a trust? Please explain and discuss fully.