Duty of trustees - Study guides, Revision notes & Summaries

What are 4 major loss exposures covered by CGL Form? LO1 1. Premises Liability (slip and fall due to water on the floor) 2. Operations Liability (Tree trimmer causes damage to power lines by removing fallen limbs) 3. Product Liability (ladder collapses when being used as intended) 4. Completed Operations A contractor installs a hot water heater and leaves the home, 2 days later, water overflows onto the floor causing damage because the hot water heater was improperly installed. ...

WGU C426 Healthcare Values and Ethics Rated A+ Normative Ethics Attempt to determine what moral standards should be followed so that human behavior and conduct may be morally right. Consequential Ethics Theory of ethics emphasizes that the morally right action is whatever action leads to the maximum balance of good over evil. - What will be the effects of each course of action? - Will they be positive or negative? - Who will benefit? - What will do the least harm? Utilitarian Ethics The conce...

Employee Benefit and Retirement Accounts - Answer-Which of the following types of accounts make up the majority of non-managed asset products? Investment Management & Advisory Accounts - Answer-Which of the following types of accounts make up the majority of managed asset products? Legislation - Answer-_______________is a law which has been enacted by a legislature and signed into law by the governor or president. Regulation - Answer-___________ is a rule created by an administrative agenc...

Cannon Financial Institute CFIRs Sample Questions and Answers Rated A+ "As an executor of an estate, a Bank Trust Department typically: a. Does not have a fiduciary duty. b. Is charged with the responsibility to marshal assets, pay debts, and make distributions per terms of the will. c. Can only serve if granted special permission by the regulatory authorities in addition to the bank's general fiduciary powers. d. Must have capital in excess of the normal capital required to exe...

"As an executor of an estate, a Bank Trust Department typically: a. Does not have a fiduciary duty. b. Is charged with the responsibility to marshal assets, pay debts, and make distributions per terms of the will. c. Can only serve if granted special permission by the regulatory authorities in addition to the bank's general fiduciary powers. d. Must have capital in excess of the normal capital required to exercise general trust powers. " - Answer-B "As an executor of an estate, a Ban...

SC REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ how often do realtors renew licenses - -every 2 years by June 30th which I the end of the fiscal year how many hours of continuing education do you need - -8 hrs every 2 years how long do you need to wait to reinstate your license after it is revoked - -1 yr can a broker in charge be over move than 1 branch office at a time - -yes broker in charge, receives earnest money at start o acceptance/written acceptance offer, ...

SC REAL ESTATE EXAM REVIEW 2024 QUESTIONS AND ANSWERS how often do realtors renew licenses - Correct Answer ️️ -every 2 years by June 30th which I the end of the fiscal year how many hours of continuing education do you need - Correct Answer ️️ -8 hrs every 2 years how long do you need to wait to reinstate your license after it is revoked - Correct Answer ️️ -1 yr can a broker in charge be over move than 1 branch office at a time - Correct Answer ️️ -yes broker in charg...

What is the Depository Trust Company? : (Largest holder of trust assets) What are the advantages and disadvantages of probate? : Advantage - Court supervised process, Protects Creditors, Bars Future Creditors, Validates Title of property. Disadvantage - Delays, Public (Privacy Issues), Expenses What are the Duties of the Trustee? : Duty to administer trust, Duty of loyalty, Duty not to delegate, Duty to keep and render accounts, Duty to furnish information, Duty to exercise reasonable c...

Trust School Study Guide Questions and Answers Rated A+ What is the Depository Trust Company? (Largest holder of trust assets) What are the advantages and disadvantages of probate? Advantage - Court supervised process, Protects Creditors, Bars Future Creditors, Validates Title of property. Disadvantage - Delays, Public (Privacy Issues), Expenses What are the Duties of the Trustee? Duty to administer trust, Duty of loyalty, Duty not to delegate, Duty to keep and render accounts, Du...

"As an executor of an estate, a Bank Trust Department typically: a. Does not have a fiduciary duty. b. Is charged with the responsibility to marshal assets, pay debts, and make distributions per terms of the will. c. Can only serve if granted special permission by the regulatory authorities in addition to the bank's general fiduciary powers. d. Must have capital in excess of the normal capital required to exercise general trust powers. " : B "When the terms of an irrevocable liv...