The rules of Section 5 of the Indian Trusts Act, 1882 do NOT apply where:
Section 5 ends: "These rules do not apply where they would operate so as to effectuate a fraud." An oral trust made in good faith, a trust of small value or a trust in…
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The rules of Section 5 of the Indian Trusts Act, 1882 do NOT apply where:
Answer and explanation
Correct answer C
Section 5 ends: "These rules do not apply where they would operate so as to effectuate a fraud." An oral trust made in good faith, a trust of small value or a trust in favour of a relative gets no exemption from the formalities.