AAFM Exam CTEP Topic 1 Question 57 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 57
Topic #: 1

[All CTEP Questions]

A trustee commuting a breach of trust not liable to pay interest except

A(i) & (ii)

B(ii) & (iii)

COnly (ii)

DAll of the above

Show Suggested Answer

Suggested Answer: B

by Nieves at Dec 06, 2024, 01:46 AM

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Hmm, I'm torn between B) (ii) & (iii) and C) Only (ii). Gotta love these ambiguous legal questions, right?

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8 days ago

This is a tricky one. I think the answer is C) Only (ii), but I'm not entirely sure. Gonna have to review the rules on trustee liability.

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17 days ago

I'm not sure, but I think D) All of the above could also be correct, as it covers all possibilities

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21 days ago

I agree with Daryl, because the trustee should only pay interest for breaches related to (ii) & (iii)

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25 days ago

I think the answer is B) (ii) & (iii)

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