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Trusts are agreements or arrangements whereby a party (trustee) holds property for the liability of another. Select one: O True O False Formal contract under

Trusts are agreements or arrangements whereby a party (trustee) holds property for the liability of another. Select one: O True O False Formal contract under seal is an exception to rule concerning privity of contract as third parties can enforce agreements for their benefit if made under seal. Select one: O True O False

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