Trusts are a legal arrangement in which a fiduciary
A) forfeits his or her title to property.
B) benefits from the profits of a company.
C) acts as a bailor to another.
D) provides financial support to another.
E) holds legal title to property for benefit of another.

Question

Quizplus · Accepted Answer

Trusts are a legal arrangement in which a fiduciary holds legal title to property for benefit of another. In the last part of the nineteenth century, businesspeople used the trust device extensively to gain monopolistic control of several industries.

Trusts Are a Legal Arrangement in Which a Fiduciary