Under the Indian Trusts Act, 1882, an obligation in the nature of a trust is created:
Section 80 introduces specified obligations arising by operation of law. The surviving Chapter IX provisions must be distinguished from repealed sections 81, 82 and 94. An…
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Under the Indian Trusts Act, 1882, an obligation in the nature of a trust is created:
Answer and explanation
Correct answer B
Section 80 introduces specified obligations arising by operation of law. The surviving Chapter IX provisions must be distinguished from repealed sections 81, 82 and 94. An express registered trust instrument or a constitutive court order is not invariably necessary for the surviving statutory obligations.