New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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