Question
Which principle states that the trustee must act
honestly and in good faith, prioritizing the interests of the beneficiaries above their own?Solution
The Principle of Fiduciary Duty is fundamental to the law of trusts. It requires trustees to act with utmost good faith, honesty, and loyalty toward the beneficiaries. Trustees must avoid conflicts of interest and cannot benefit personally from the trust property. This principle ensures trustees prioritize the beneficiariesā interests and manage the trust property responsibly and prudently.
Economists generally believe that making assumptions isĀ
Ramsay retest is used for
Which of the following is a case of the principal-agent problem?
Ā If a Cobb-Douglas production is Q = K0.4 L0.6 the function is
Which growth model inspired the use of the capital-output ratio for development planning?
Refer to the below table and calculate the net value added at market price
In a dataset, if the mean is significantly greater than the median, the distribution is most likely:
Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidies...
What is the primary production capacity target (in Million Metric Tonnes per annum) that the National Green Hydrogen Mission (NGHM) aims to achieve by t...
