BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -It is actually quite a predominant view that a trust is often considered to be an independent legal entity or in other words, a trust once settled, has come to have its own legal personality capable of engaging to legal activities such as owning properties or entering into contracts.

Detailed explanation-2: -A Trust is a legal arrangement in which the property is transferred to a Trustee by the owner, Trust, or Trustees. property is transferred for the gain of a third party.

Detailed explanation-3: -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-4: -It means that any transfer of property by the owner to any other person for the benefit of a third party, with such an act is known as an act of Trust. In simple words, Trust is a type of financial arrangement between the parties in which the trustee holds the assets of the trustor for the benefit of the third party.