Question
Which one of the following is NOT a feature of a business trust? (1) Only natural persons may be parties to a trust. (2) The
Which one of the following is NOT a feature of a business trust? (1) Only natural persons may be parties to a trust. (2) The debts of a trust are normally payable out of the trust estate. (3) A trust may be given perpetual succession. (4) A trust enjoys greater confidentiality than other forms of enterprise.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Business Law Text and Cases
Authors: Kenneth W. Clarkson, Roger Miller, Frank B. Cross
14th edition
978-1305967250, 1305967259, 978-1337514422, 133751442X, 978-1337374491
