Under the doctrine of cy pres,when property is given in trust to be applied to a particular charitable purpose that becomes impossible,impracticable,or illegal to carry out and the settler has not specifically provided for a substitute beneficiary:
A) the trust will automatically fail.
B) the court will direct the application of the property to some charitable purpose that falls within the settlor's general charitable intention.
C) the court will direct that the property be directed to the state for use in a socially-responsible and "reasonably prudent" manner.
D) the original beneficiaries can use the property for a charitable purpose.
Correct Answer:
Verified
Q26: A codicil is a(n):
A)amendment to a will.
B)automatic
Q27: A will,might be recognized by the state
Q28: If a person wants to make a
Q29: In the states that recognize holographic wills,such
Q30: When a person dies intestate,the property the
Q32: Alma was suffering from a terminal disease.Because
Q33: A nuncupative will:
A)must be in writing.
B)is valid
Q35: Which of the following is a formality
Q36: Which of the following is true of
Q40: Which of the following is true of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents