Which of the following statements is correct?
A)Family trusts ensure income flows to the people descended from the company founder.
B)Family trusts ensure all the votes are held by the trustees.
C)Family trusts nominate the managers of the corporation.
D)all of the above.
E)a and b

Question

Quizplus · Accepted Answer

Option A is partially correct as family trusts can ensure income flows to the family members, but it is not necessarily limited to people descended from the company founder. 
Option B is also correct as family trusts can hold all the votes for the corporation, but this may not always be the case. 
Option C is not correct as family trusts may not necessarily nominate the managers of the corporation. Therefore, the best answer is option E, as it includes the partial correctness of option A and the correctness of option B.

Which of the Following Statements Is Correct