Which of the following is a false statement regarding the trust system in India?
A) There are legal constructs, similar to trusts, allowing families to pass wealth from generation to generation.
B) Civil law governs the trust system in India.
C) The family waqf resembles a trust, although the beneficiary of a family waqf must have a religious, pious, or charitable purpose.
D) Waqfs and trusts have some similarities.
E) Some legal scholars have suggested that the religious roots of the waqf have made this construct less flexible and responsive to change over time than the trust, with its secular roots.

Question

Quizplus · Accepted Answer

The trust system in India is primarily governed by the Indian Trusts Act of 1882, which is a part of common law, rather than civil law. Civil law systems are a type of legal system, but India's legal system is based on common law, inherited from the British during the colonial period.

Which of the Following Is a False Statement Regarding the Trust