๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      What is the primary obligation of the trustee as per the

      Indian Trusts Act, 1882? ย 
      A To accumulate trust income indefinitely Correct Answer Incorrect Answer
      B To sell the trust property for profit Correct Answer Incorrect Answer
      C To fulfill the purpose of the trust as per the trust deed Correct Answer Incorrect Answer
      D To act solely for personal benefit Correct Answer Incorrect Answer
      E To transfer the trust property immediately to the settlor Correct Answer Incorrect Answer

      Solution

      Under Section 11 , the trustee is duty-bound to execute the trust and fulfill its purpose as explicitly laid out in the trust deed. This includes preserving the trust property and using it for the intended beneficiaries. ย 

      Practice Next

      Relevant for Exams:

      ask-question