Mary wants to be able to take care of her sons when she is away.She decides to give an amount of money to a friend,Melanie,with the instructions that she is to use that money to care for the children when she is away.The money given to Melanie is called ________ and Melanie is a ________.
A)deposit; trustee
B)trust; trustee
C)fund; trustee
D)endowment; money caretaker
E)fund; constructive trust

Question

Quizplus · Accepted Answer

The scenario describes the creation of a trust, where Mary gives money (the trust) to Melanie (the trustee) with the specific purpose of caring for Mary's children while she is away. This matches option B, where "trust" is the correct term for the money given and "trustee" is the correct term for the person in charge of using that money for the intended purpose.

Mary Wants to Be Able to Take Care of Her