A left 50,000 Taka to trustee T to purchase land for B. If T fails to purchase the land and B dies, the…
Because equity treats money directed to be used to buy land as already converted into land, if trustee T fails to purchase before B dies, the fund passes as immovable…
Choose your answer
A left 50,000 Taka to trustee T to purchase land for B. If T fails to purchase the land and B dies, the money will go to:
Answer and explanation
Correct answer B
Because equity treats money directed to be used to buy land as already converted into land, if trustee T fails to purchase before B dies, the fund passes as immovable property to X, the heir entitled to immovable property, not to Y, T, or the government.