Question

Clause 8 defines the grounds of complaint. In case of a breach of trust by co trustees, each trustee is___________

A Personally liable Correct Answer Incorrect Answer
B Jointly liable Correct Answer Incorrect Answer
C Severally liable. Correct Answer Incorrect Answer
D Constructively liable Correct Answer Incorrect Answer
E both A and D. Correct Answer Incorrect Answer

Solution

As mentioned under s.27 of the Indian Trust Act, 1882 co-trustees are severally liable that is each one of the co-trustee shall be liable for whole of the loss occasioned to the beneficiary.

Practice Next
×
×