Question
Which of the following is not an essential party to the
creation of a valid trust?Solution
Under the Indian Trusts Act, 1882, a valid trust requires: • An author of the trust (also known as settlor) – [Section 3] • A trustee • A beneficiary • A trust property • A lawful purpose and clear intention to create a trust There is no requirement for a "Registrar of Trusts" in the statutory formation of a private trust under the Indian Trusts Act. While registration may be required under other laws (like the Registration Act, 1908), the Registrar is not a party to the trust deed.
In the following question, read the given statement and compare Quantity I and Quantity II on its basis. (Only quantity is to be considered)
Quantity-I: Average number of mobile phones sold by a company from January to May is 350, while average number of mobile phones sold by the same compan...
What is the population of village A in 2021?
Quantity I: Population of village A in 2020 was 55,000 and it increased by 15% in 2021 over 2020.
Quantity I: The speed of a boat in still water is 12 km/hr. It takes 4.5 hours to travel 24 km downstream and return. What is the speed of the stream?
In this problem, you are provided with two quantities, Quantity A and Quantity B.Evaluate both quantities and establish the correct relationship betwee...
What is the population of village A in 2021?
Quantity I: Population of village A in 2020 was 54,000 and it increased by 12% in 2021 over 2020.
In the question, two Quantities I and II are given. You have to solve both the Quantity to establish the correct relation between Quantity-I and Quanti...
The height of a cone is equal to the height of a cylinder. The curved surface area of the cylinder is 616 cm², and the height of...
In this problem, you're provided with two quantities, Quantity I and Quantity II, and your task is to solve both quantities and determine the correct r...
In the question, two quantities I and II are given. You have to solve both the quantities to establish the correct relation between Quantity-I and Quan...