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Trusts Law
Trustees' Liability and Protection
Quiz · 20 questions
beginner
Which of the following statements best describes what constitutes a breach of trust?
A
A breach occurs only when a trustee dishonestly fails to perform their duties with the intention of harming the beneficiaries.
B
A breach occurs only when a trustee acts outside the scope of their authority as defined in the trust instrument.
C
A breach occurs when a trustee makes an investment decision that results in a financial loss to the trust fund.
D
A breach occurs when a trustee delegates a task to a professional agent without obtaining the prior consent of all beneficiaries.
E
A breach occurs when a trustee fails to comply with the terms of the trust instrument or with duties imposed by law, whether intentionally or unintentionally.
Question 1 of 20