BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A trust created for the fulfillment of an altruistic purpose is known as a spendthrift trust. A resulting trust is formed when the entity intended to receive the benefit of an express trust cannot do so. The creator of the trust is known as the trustee. Trusts are named by the timing and purpose of their creation.

Detailed explanation-2: -The primary purpose of a trust under the Indian Trusts Act is to protect the interests of beneficiaries. A trust can be created for any legal purpose, such as charitable or public purposes. A trust can also be created for private purposes, such as estate planning or income generation.

Detailed explanation-3: -: assured reliance on the character, ability, strength, or truth of someone or something. : one in which confidence is placed.

Detailed explanation-4: -A trust may be created by: Every person who is competent to contracts: This includes an individual, AOP, HUF, company, etc. If a trust is to be created by on or behalf of a minor, then the permission of a Principal Civil Court of original jurisdiction is required.

Detailed explanation-5: -The person who creates the trust is the “settlor.” The settlor must transfer her property to the trust, which is then handled and administered by the trustee, or administrator, although the settlor may reserve specific powers to herself with respect to the trust.