American College Exam HS330 Topic 1 Question 47 Discussion

Actual exam question for American College's HS330 exam

Question #: 47
Topic #: 1

Which of the following actions on the part of a trustee is a breach of his duties?

APurchasing assets for personal use from the trust at their fair market value with the approval of all beneficiaries

BPlacing cash from the sale of securities in a high yield money market fund pending a decision to invest the funds elsewhere

CPurchasing securities in good faith from a third party just prior to a sharp decrease in their value

DInvesting all trust assets in securities that favor the income beneficiaries to the detriment of remainder persons

Show Suggested Answer

Suggested Answer: D

by Sue at May 08, 2022, 05:49 PM

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