Which of the following is false regarding the trust system in India?
A) There are legal constructs, similar to trusts, allowing families to pass wealth from generation to generation.
B) Civil law governs the trust system in India.
C) The family waqf resembles a trust, although the beneficiary of a family waqf must have a religious, pious, or charitable purpose.
D) Waqfs and trusts have some similarities.
E) Some legal scholars have suggested that the religious roots of the waqf have made this construct less flexible and responsive to change over time than the trust, with its secular roots.

Question

Quizplus · Accepted Answer

Whereas European civil law provides the underpinnings of trusts, in countries such as India religion provides the underpinnings of legal constructs that determine how families can pass wealth from generation to generation.

Which of the Following Is False Regarding the Trust System