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7 Cards in this Set
- Front
- Back
When will a trustee be personally liable for 3rd party contracts? |
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What are the two requirements for a trustee to be reimbursed for contract liability? |
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When is trustee liable for torts? |
Personally liable for its torts or the torts of its employees. |
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What are the two requirements for a trustee to be reimbursed for tort liability? |
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What is required in Illinois for a Trustee to resign? |
At any time
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What is the Trustee's investment duty? |
Modern Portfolio |
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What are the requirements for the Modern Portfolio theory? |
Trustee creates a custom-tailored investment strategy for the particular trust.
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