O's give, E's receive Flashcards
1
Q
define trustee
A
holds the property of another in trust
2
Q
define trustor
A
the party who places his property in trust with a trustee. The borrower in a deed of trust
3
Q
executor
A
persons named in a will to carry out the terms of the will
4
Q
adminstrators
A
person named by a court to carry out the terms of a will, or when a person dies intestate
5
Q
receiver
A
a person appointed by the court to preserve and control property pending final determination of the court (bankruptcy)
6
Q
lessor
A
one who conveys an estate to another under a lease; landlord, owner
7
Q
lessee
A
a party who has the right to possession and occupancy under a lease agreement; tenant
