The trustee may not purchase securities that are of very low risk and that appear on a document referred to as a legal list.

Name: The trustee may not purchase securities that are of very low risk and that appear on a document referred to as a legal list.
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Question

Quizplus · Accepted Answer

The statement is incorrect as the trustee is actually required to invest in securities that are considered safe and appear on a legal list, such as government-issued bonds. This is known as the "prudent investor rule."

The Trustee May Not Purchase Securities That Are of Very