American College Exam HS330 Topic 1 Question 39 Discussion

Actual exam question for American College's HS330 exam

Question #: 39
Topic #: 1

Which of the following statements concerning ownership of property held in trust is (are) correct?

l. The legal owner of property held in trust is a trustee.

lI. The equitable owner of property held in trust is a beneficiary.

Al only

BII only

CBoth l and ll

DNeither I nor II

Show Suggested Answer

Suggested Answer: C

by Nana at May 03, 2022, 09:18 AM

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