Atrust is an agreement whereby a person or bank manages the estate according to the specific directions of the government agency.
a. true
b. false

Answer

FALSE

Explanation

A trust is an agreement whereas there is an arrangement whereby a person who is a trustee holds a property and that property serves as its nominal owner for the expense for the good of one or more beneficiaries. Or when one person holds property to keep or use for the benefit of another. not just for a govt. agency, and not just a bank.

answerthe same historical circumstances;