Question

    Who can create a trust under the Indian Trusts Act,

    1882?  
    A Any person competent to contract Correct Answer Incorrect Answer
    B A minor Correct Answer Incorrect Answer
    C A company Correct Answer Incorrect Answer
    D Only individuals Correct Answer Incorrect Answer
    E Any person, competent or incompetent Correct Answer Incorrect Answer

    Solution

    Section 7 of the Indian Trusts Act, 1882, specifies that a person competent to contract under the Indian Contract Act, 1872, can create a trust. A minor, being incompetent to contract, cannot create a trust, but a company can do so if permitted by its memorandum of association.  

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