- 1 Marks
Question
A Trustee is not paid a remuneration because
A. He is a friend of the testator
B. He is a volunteer
C. He is a rich man
D. His reward is in the hereafter
E. He has no need of money
Answer
B
Explanation:
The correct answer is “He is a volunteer.” Trustees are generally not remunerated because they act in a voluntary capacity, managing the trust in accordance with the wishes of the settlor without expecting payment for their services
- Tags: Multiple Choice, Remuneration, Trustee, Trusts
- Level: Level 1
- Topic: Law of Trusts
- Series: NOV 2013
- Uploader: Theophilus