Which of the following is NOT a trust arrangement?
A)a mother transferring assets to provide for her infant should she pass away
B)your broker requiring sufficient funds in your account to cover a deficit
C)property of a bankrupt being transferred to a trustee
D)a corporation transferring the title to fixed assets to a trustee for bondholders as security for the payment of the bonds
E)parents setting up a fund for the education of their children

Question

Quizplus · Accepted Answer

Option B is not a trust arrangement as it is a standard requirement for brokerage accounts to have sufficient funds to cover deficits. The other options involve transferring assets to a trustee who manages and distributes them for the benefit of others.

Which of the Following Is NOT a Trust Arrangement