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Lionel Orally Directed His Trustees to Hold His Beneficial Interest

Question 6

Multiple Choice

Lionel orally directed his trustees to hold his beneficial interest in some chattels on trust for his brother, Simon. The trustees should:


A) Hold the chattels on trust for Simon.
B) Continue to hold the chattels on trust for Lionel.
C) Transfer the beneficial interest to Simon, so that he holds the chattels as outright owner.
D) Hold the chattels on trust for both Lionel and Simon, as they are both now beneficially entitled to the chattels.

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