Trusts involves three parties:

A.

Settlor, trustee, legal owner of trust property

B.

Settlor, trustee, beneficiary

C.

Legal owner of trust property, trustee, beneficiary

D.

Settlor, legal owner of trust property, equitable owner of trust property

Clear my choice

Which of the following statements is NOT correct?

A.

A company comes into existence once registered.

B.

A company must have a company seal

C.

A company has the legal capacity and powers of an individual.

D.

A company may appoint agent.