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Which of the Following Statement Best Describes What Is Meant

Question 2

Multiple Choice

Which of the following statement best describes what is meant by 'constitution' of a trust?


A) The trust is properly created.
B) It refers to the different property and beneficial entitlements that make up the trust.
C) It simply describes the situation which allows the beneficiaries a right of action to enforce their beneficial entitlements under the trust.
D) Title is properly vested in the trustees, so that the settlor is no longer entitled to the property as owner.

Correct Answer:

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