The party who holds property for the benefit of another under a trust agreement or arrangement is known as the
A) beneficiary.
B) trustee.
C) rights holder.
D) guarantor.
E) principal.

Name: The party who holds property for the benefit of another under a trust agreement or arrangement is known as the A) beneficiary. B) trustee. C) rights holder. D) guarantor. E) principal.
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Question

Quizplus · Accepted Answer

The trustee is the party in a trust agreement who holds property or assets for the benefit of another, known as the beneficiary.

The Party Who Holds Property for the Benefit of Another