Practice question
Which activity most directly illustrates trust business under sections 79 and 83?
- Selling one’s own inventory
- Making an ordinary personal gift
- Administering property in trust for another’s benefit under lawful authority
- Voting in a national election
- Manufacturing machinery
Legal references
- https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html — RA 8791, sections 3, 4, 6 and 79–83
Answer this question in flashcards to review your response and continue practicing.