In which of the following cases did the Supreme Court hold that 'no trustee can get a discharge, unless he renders account of his management and this liability is irrespective of any question of negligence or willful default'
A. VLNS Temple v. I. P. Reddy
B. Chiranjit Lal v. Haridas
C. K. C. Joshi v. Union of India
D. None of the above
Answer: Option A
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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