An express trust is a trust:

Name: An express trust is a trust:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An express trust is created by voluntary action, typically through a written document or verbal declaration. It is not established by law through the courts, and it must have some form of clear communication of the trust's terms and beneficiaries. An oral statement alone is typically not sufficient to create a trust, although it may serve as evidence of the trust's creation in certain circumstances. Therefore, the correct answer is B.

An Express Trust Is a Trust