Indian Trusts Act MCQ question and answer | Law MCQ question
Indian Trusts Act MCQ question and answer with easy explanations in Law MCQ. Indian Trusts Act MCQ section is suitable for aspirants preparing for competitive exams like NET, UPSC, JRF, SET,UGC NET other law exams etc. Page-2 section-1
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'
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.