Under the Indian Trusts Act, 1882, the subject-matter of a trust must be:
Section 8 says "the subject-matter of a trust must be property transferable to the beneficiary". It is not confined to immoveable property or to money and securities, but an…
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Under the Indian Trusts Act, 1882, the subject-matter of a trust must be:
Answer and explanation
Correct answer C
Section 8 says "the subject-matter of a trust must be property transferable to the beneficiary". It is not confined to immoveable property or to money and securities, but an interest that cannot be transferred cannot be held on trust.