GENERAL KNOWLEDGE

Detailed explanation-1: -Provisions of the Act 1 the statutory duty of care; 2 trustees’ powers of investment; 3 power to acquire land; 4 use and appointment of agents, custodians and nominees; 5 remuneration of trustees and agents; 6 miscellaneous and supplementary matters.

Detailed explanation-2: –A trustee is bound (a) to keep clear and accurate accounts of the trust-property, and (b), at all reasonable times, at the request of the beneficiary, to furnish him with full and accurate information as to the amount and state of the trust-property.