Unlike trust, there is no conveyance of title to the account assets. When the ________ relationship is established; legal title to the property remains with the principal.

Question

Quizplus · Accepted Answer

The term "agency services" refers to a situation where one person (the agent) is authorized to act on behalf of another person (the principal). In this case, the principal retains legal title to the property, even though the agent may have certain rights or responsibilities related to the management of the assets. Options A and B are not relevant to this question, as they refer to different legal relationships. Option D is incorrect, as there must be a specific answer to the question posed.

Unlike Trust, There Is No Conveyance of Title to the Account