10 Questions
Who is responsible for managing and administering a trust?
Trustee
What is the term used for the person who establishes a trust?
Trustor
In a fiduciary relationship, who justifiably vests confidence, good faith, reliance, and trust in another?
Trustor
What is the term used for the person for whose benefit the trust has been created?
Beneficiary
According to the Civil Code of the Philippines, which party gives the right to hold and invest assets or property on behalf of a third party in a fiduciary relationship?
Trustor
What is the term used for the person who transfers the property to the trust?
Trustor
According to the Civil Code of the Philippines, who is responsible for managing and administering a trust?
Trustee
In a fiduciary relationship, who is known as the beneficiary?
The person for whose benefit the trust has been created
What is the term used for the entity with whom the confidence is reposed as regards the management of a property for the benefit of another person/entity?
Trustee
Who gives to a person or organization, known as the trustee, the right to hold and invest assets or property on behalf of a third party in a fiduciary relationship?
3
Test your knowledge on fiduciary relationships, including the principles, responsibilities, and legal aspects involved. Explore different scenarios where a special relationship of trust and confidence is essential.
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