Which of the following Sections of the Indian Trusts Act deals with liability for breach of trust?
Section 23 makes a trustee who breaches the trust liable to make good the resulting loss, subject to its stated exceptions and interest rules. Sections 20 and 21 concern…
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Which of the following Sections of the Indian Trusts Act deals with liability for breach of trust?
Answer and explanation
Correct answer D
Section 23 makes a trustee who breaches the trust liable to make good the resulting loss, subject to its stated exceptions and interest rules. Sections 20 and 21 concern investment; section 22 concerns a trustee who delays sale beyond the directed time.
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Bihar Judicial Services