A trustee is the legal owner of the property that he is administering.
Correct Answer:
Verified
Q25: Mary sets up a trust fund for
Q26: Which of the following situations does not
Q27: A novation occurs when two parties agree
Q30: Once created a trust cannot be revoked
Q31: Liabilities may be assigned to a third
Q31: A collateral contract is not an example
Q32: To be effective, notice of an assignment
Q39: The effect of the doctrine of privity
Q50: Ordinarily,a debtor/promisor must consent to an assignment.
Q54: An undisclosed principal is a contracting party
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