Fab is the owner and manager of a business trust. Gilly is the benefici?ary. Responsibility for the debts and obligations of the trust rest with

Question

Quizplus · Accepted Answer

As the owner and manager of the business trust, Fab is responsible for the debts and obligations of the trust. Gilly, as the beneficiary, does not have any responsibility for the trust's debts and obligations. Therefore, choice B is the best answer.

Fab Is the Owner and Manager of a Business Trust