Trusts Quiz 1

Question 1

1. Louisiana allows constructive trusts. true or false

Answer 1

false

Question 2

2. At common law, the law of trusts and fiduciary relationships is rooted in property law. true or false

Answer 2

true

Question 3

3. Settlor establishes an inter vivos trust. The trust instrument does not stipulate whether the trust is revocable or irrevocable. Which of the following is correct?

Answer 3

a. The trust is irrevocable

Question 4

4. When were private trusts first allowed in Louisiana?

Answer 4

1920

Question 5

5. A trust is a juridical person. true or false

Answer 5

false