Business, 18.08.2020 17:01 itz0nlyheav
Which of the following is a true statement?
a) A fiduciary entity is a legal entity that takes possession of property for the benefit of a person.
b) An estate is a fiduciary entity that comes into existence upon a person's death to transfer the decedent's real and personal property.
c) A trust is also a fiduciary entity whose purpose is to hold and administer the corpus for other persons (beneficiaries).
d) An estate exists only temporarily, but a trust may have a prolonged or even indefinite existence.
e) All of the choices are true.
Answers: 3
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Which of the following is a true statement?
a) A fiduciary entity is a legal entity that takes poss...
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