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Define each of the following types of trusts: REITs and REIMCs. What distinguishes one from the other? Compare and contrast the depository activities of banks
Define each of the following types of trusts: REITs and REIMCs. What distinguishes one from the other? Compare and contrast the depository activities of banks and insurance companies to determine if life insurance companies could be looked upon as a type of bank. Briefly discuss how fraudulent misrepresentation can result from fraud in the (a) execution of a contract and (b) inducement to contract.
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