State whether or not a trust is created in each of the, Ask an Expert

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State whether or not a trust is created in each of the following situations:
(a) A declares herself trustee of "the bulk of my securities" in trust for B. Please explain.

(b) A, the owner of Blackacre, purports to convey to B in trust for C "a small part" of Blackacre. Please explain.

(c) A deposits $100,000 in a savings bank. He declares himself trustee of the deposit in trust to pay B $50,000 out of the deposit, reserving the power to withdraw from the deposit any amounts not in excess of $50,000. Please explain.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92017506

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