Question

"Not violated the law because A has disclosed in writing to all parties that the trust account bears interest and who receives this interest."

a) True

b) False

Answer 1

The statement 'Not violated the law because A has disclosed in writing to all parties that the trust account bears interest and who receives this interest' is True. Correct option is True.

Step-by-step explanation:

The statement 'Not violated the law because A has disclosed in writing to all parties that the trust account bears interest and who receives this interest' is True.

When parties create a trust account, it is important to disclose in writing that the account bears interest and who receives that interest. By doing so, it ensures transparency and compliance with the law.

Example: If A is a trustee and creates a trust account, A must disclose in writing to all parties involved that the account bears interest and who gets that interest. This way, A is not violating the law.