Choose the correct answer
(1) A trustee may also be a beneficiary and can be the sole beneficiary
(2) A trustee may also be a beneficiary, but cannot be the sole beneficiary
(3) A donor may also constitute himself a trustee, and though remaining in possession, may transfer legal possession by declaring his possession as donee's.
(4) A donor may also constitute himself a trustee, and though remaining in possession, cannot transfer legal possession by declaring his possession as donee's.
A. (1), (3)
B. (1), (4)
C. (2), (3)
D. (2), (4)
Answer: Option C
This Question Belongs to Law >> Indian Trusts Act
Which one of the following is not necessary for the creation of trust?
A. The author of trust
B. Trustee
C. Legal representative
D. Beneficiary
A. In rem
B. In personam
C. In rem in general but in personam in exceptional cases
D. In rem in exceptional cases but in personam in general
Trustees may be appointed except
A. Under a power contained in the instrument of trust
B. By the consent of the beneficiary
C. By the Court
D. Under a statutory power
The Indian Trust Act shall apply to
A. The law relating to private trusts and trustees
B. Mutual relations of the members of an undivided family
C. Public or private religious or charitable endowments
D. Trusts to distribute prizes taken in war among the captors
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