Does a trust arise under the common law or under equity? Explain your answer.
Question:
Does a trust arise under the “common law” or under “equity”? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (17 reviews)
A trust is a function of both law and equity depending upon how the question is asked The ambiguity ...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
The Amazon.com financial statements appear in Appendix A at the end of this book. Answer the following questions about Amazons stock. The Accumulated Deficit account is Retained earnings with a...
-
Refer to the latest financial report of JB Hi-Fi Limited on its website, www.jbhifi.com.au, and answer the following questions: A perusal of the report clearly indicates that JB Hi-Fi Ltd does make...
-
Defendant, Gray Communications, desired to build a television tower. After a number of negotiation sessions conducted by telephone between the Defendant and Plaintiff, Kline Iron, the parties...
-
Suppose you are given the following set of data with three Boolean input variables a, b, and c, and a single Boolean output variable K. a bc K 1 0 1 1 1 1 1 1 1 1 1 1 1 1 0 01 For parts (a) and (b),...
-
On January 1, 2010, equipment was purchased for $20,000. The entire purchase price was expensed immediately. The equipment has a useful life of 10 years with $0 expected salvage value . The company...
-
Name at least three daily sanitation-related concerns that you would have if you were the general manager of a limited-service hotel offering a complimentary breakfast bar.
-
Distinguish between syntactics, semantics and pragmatics. Are these perspectives independent of each other or are they interwoven?
-
Lance Co. purchased $36,000 of 6%, 10-year Bergen County bonds on July 12, 2010, directly from the county at par value. The bonds pay semiannual interest on May 1 and November 1. On December 1, 2010,...
-
1. Describe how the Child Care Early Years Act (CCEYA) supports the principles that guide high-quality early learning care. 2. Upon completion of the CCEYA self-test, reflect on how this exercise...
-
James Smith and Donald Robertson are assistant portfolio managers for Micro Management Partners. In a review of the interest rate risk of a portfolio, Smith and Robertson discussed the riskiness of...
-
Explain the historical difference between law and equity. Are law and equity still separate systems of law?
-
What is a by-law? Which level of government creates by-laws?
-
Express each sum or difference as a product of sines and/or cosine. cos(2) + cos(4)
-
In a time-series plot, the vertical axis represents time. In Exercises 710, determine whether the statement is true or false. If the statement is false, rewrite it as a true statement.
-
In a dotplot, the number of dots in a vertical column represents the number of times a certain value appears in a data set. In Exercises 710, determine whether the statement is true or false. If the...
-
Mean and standard deviation for a binary random variable One of the simplest discrete random variables is a binary random variable (sometimes called a Bernoulli random variable). It takes on only two...
-
Ridge regression and Lasso are two regression estimators based on penalization. Explain how they are similar and how they differ.
-
In a stem-and-leaf plot, each stem must be a single digit. In Exercises 710, determine whether the statement is true or false. If the statement is false, rewrite it as a true statement.
-
The Coalition of Immokalee Workers (CIW) claims that the going wage for farm labor is exploitative. The CIW supports a minimum wage for farm workers. Explain how the minimum wage would affect a farms...
-
(a) Prove that form an orthonormal basis for R3 for the usual dot product. (b) Find the coordinates of v = (1, 1, 1)T relative to this basis. (c) Verify formula (5.5) in this particular case. 48-65...
-
In the current year, Wilson Enterprises, a calendar year taxpayer, suffers a casualty loss of $90,000. How much of the casualty loss will be deductible by Wilson under the following circumstances? a....
-
Benton Company (BC) has one owner, who is in the 33% Federal income tax bracket. BCs gross income is $395,000, and its ordinary trade or business deductions are $245,000. Compute the Federal income...
-
In the current year, Tanager Corporation (a C corporation) had operating income of $480,000 and operating expenses of $390,000. In addition, Tanager had a long-term capital gain of $55,000 and a...
-
An examination of the cash activities during the year shows the following. GREAT ADVENTURES Cash Account Records July 1 , 2 0 2 4 , to December 3 1 , 2 0 2 4 Cash Receipts Cash Disbursements Date...
-
Given the data below answer the question. E F G H J Inventory Turnover Ratio Ending Inventory (Dec. 31st) $50,000 Month Ending Inventory Cost of Goods Sold Inventory Turnover Ratio Formulas January...
-
[3] 4. In 1995, Mary bought an antique chair for $55. It is estimated that the chair will increase in value by 1.8%/year. a) Find the current value of the chair. 121 [2] b) In what year will the...
Study smarter with the SolutionInn App