Law of Trusts – NBC Institute

BL – Nov 2020 – L1 – SA – Q17 – Law of Trusts

Objective question on why a will is considered an ambulatory document.

Question

17. A will is said to be an ambulatory document because it
A. Is signed by two witnesses
B. Must have two executors
C. Takes effect after the death of the maker
D. Is written
E. Is prepared by a lawyer

Answer

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Tags: Ambulatory Document, Law of Trusts, Legal Terminology, Testamentary Documents, Will
Level: Level 1

Topic: Law of Trusts
Series: NOV 2020

BL – Nov 2012 – L1 – SA – Q20 – Law of Trusts

Identify two certainties required for the creation of a valid trust.

Question

State any TWO certainties required for the creation of a valid trust.

Answer

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Tags: Certainties, Law of Trusts, Trusts
Level: Level 1

Topic: Law of Trusts
Series: NOV 2012

BL – Nov 2013 – L1 – SA – Q19 -Law of Trusts

Question on the fiduciary position of a trustee in relation to a beneficiary.

Question

A Trustee occupies a fiduciary position in relation to the ………………………….

Answer

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Tags: Beneficiary, Fiduciary Duty, Law of Trusts, Trustee
Level: Level 1

Topic: Law of Trusts
Series: NOV 2013

BL – May 2023 – L1 – SA – Q9 – Law of Trusts

Identify the legal term for an unclaimed estate that devolves to the State under intestacy.

Question

Under intestacy, the legal term for an estate that is unclaimed by anybody, which devolves on the State is:

A. Res extincta
B. Bona vacantia
C. Res ipsa loquitor
D. Pari delicto
E. Animus testandi

Answer

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Tags: Intestacy, Law of Trusts, Legal Terminology, Unclaimed Property
Level: Level 1

Topic: Law of Trusts
Series: MAY 2023

BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts

Identifies the persons named in a will to administer the testator's estate.

Question

Persons named in a will to administer the testator’s estate are:
A. Representatives
B. Administrators
C. Custodians
D. Trustees
E. Executors

Answer

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Tags: Executors, Law of Trusts, Testator’s Estate, Will
Level: Level 1

Series: NOV 2019

BL – Nov 2020 – L1 – SA – Q17 – Law of Trusts

Objective question on why a will is considered an ambulatory document.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ambulatory Document, Law of Trusts, Legal Terminology, Testamentary Documents, Will
Level: Level 1

Topic: Law of Trusts
Series: NOV 2020

BL – Nov 2012 – L1 – SA – Q20 – Law of Trusts

Identify two certainties required for the creation of a valid trust.

Question

State any TWO certainties required for the creation of a valid trust.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Certainties, Law of Trusts, Trusts
Level: Level 1

Topic: Law of Trusts
Series: NOV 2012

BL – Nov 2013 – L1 – SA – Q19 -Law of Trusts

Question on the fiduciary position of a trustee in relation to a beneficiary.

Question

A Trustee occupies a fiduciary position in relation to the ………………………….

Answer

Find Related Questions by Tags, levels, etc.

Tags: Beneficiary, Fiduciary Duty, Law of Trusts, Trustee
Level: Level 1

Topic: Law of Trusts
Series: NOV 2013

BL – May 2023 – L1 – SA – Q9 – Law of Trusts

Identify the legal term for an unclaimed estate that devolves to the State under intestacy.

Question

Under intestacy, the legal term for an estate that is unclaimed by anybody, which devolves on the State is:

A. Res extincta
B. Bona vacantia
C. Res ipsa loquitor
D. Pari delicto
E. Animus testandi

Answer

Find Related Questions by Tags, levels, etc.

Tags: Intestacy, Law of Trusts, Legal Terminology, Unclaimed Property
Level: Level 1

Topic: Law of Trusts
Series: MAY 2023

BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts

Identifies the persons named in a will to administer the testator's estate.

Question

Persons named in a will to administer the testator’s estate are:
A. Representatives
B. Administrators
C. Custodians
D. Trustees
E. Executors

Answer

Find Related Questions by Tags, levels, etc.

Tags: Executors, Law of Trusts, Testator’s Estate, Will
Level: Level 1

Series: NOV 2019

Question Tag: Law of Trusts

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BL – Nov 2020 – L1 – SA – Q17 – Law of Trusts

Objective question on why a will is considered an ambulatory document.

BL – Nov 2012 – L1 – SA – Q20 – Law of Trusts

Identify two certainties required for the creation of a valid trust.

BL – Nov 2013 – L1 – SA – Q19 -Law of Trusts

Question on the fiduciary position of a trustee in relation to a beneficiary.

BL – May 2023 – L1 – SA – Q9 – Law of Trusts

Identify the legal term for an unclaimed estate that devolves to the State under intestacy.

BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts

Identifies the persons named in a will to administer the testator's estate.

BL – Nov 2020 – L1 – SA – Q17 – Law of Trusts

Objective question on why a will is considered an ambulatory document.

BL – Nov 2012 – L1 – SA – Q20 – Law of Trusts

Identify two certainties required for the creation of a valid trust.

BL – Nov 2013 – L1 – SA – Q19 -Law of Trusts

Question on the fiduciary position of a trustee in relation to a beneficiary.

BL – May 2023 – L1 – SA – Q9 – Law of Trusts

Identify the legal term for an unclaimed estate that devolves to the State under intestacy.

BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts

Identifies the persons named in a will to administer the testator's estate.

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Question Tag: Law of Trusts

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BL – Nov 2020 – L1 – SA – Q17 – Law of Trusts

Objective question on why a will is considered an ambulatory document.

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BL – Nov 2012 – L1 – SA – Q20 – Law of Trusts

Identify two certainties required for the creation of a valid trust.

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BL – Nov 2013 – L1 – SA – Q19 -Law of Trusts

Question on the fiduciary position of a trustee in relation to a beneficiary.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q19 -Law of Trusts"

BL – May 2023 – L1 – SA – Q9 – Law of Trusts

Identify the legal term for an unclaimed estate that devolves to the State under intestacy.

You're reporting an error for "BL – May 2023 – L1 – SA – Q9 – Law of Trusts"

BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts

Identifies the persons named in a will to administer the testator's estate.

You're reporting an error for "BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts"

BL – Nov 2020 – L1 – SA – Q17 – Law of Trusts

Objective question on why a will is considered an ambulatory document.

You're reporting an error for "BL – Nov 2020 – L1 – SA – Q17 – Law of Trusts"

BL – Nov 2012 – L1 – SA – Q20 – Law of Trusts

Identify two certainties required for the creation of a valid trust.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q20 – Law of Trusts"

BL – Nov 2013 – L1 – SA – Q19 -Law of Trusts

Question on the fiduciary position of a trustee in relation to a beneficiary.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q19 -Law of Trusts"

BL – May 2023 – L1 – SA – Q9 – Law of Trusts

Identify the legal term for an unclaimed estate that devolves to the State under intestacy.

You're reporting an error for "BL – May 2023 – L1 – SA – Q9 – Law of Trusts"

BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts

Identifies the persons named in a will to administer the testator's estate.

You're reporting an error for "BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts"

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