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TERMINATION OF APPOINTMENTSA trustee may cease to hold office in the following ways:(a) Disclaimer: At any time before acceptance of the trusts.(b) Retirement : Either – 1. Under the trust instrument; or2. With the consent of all beneficiaries, being sui juris, or3. With the consent of the court; or4. By deed under S.40, provided that –
(c) Release and replacement: This may take place under S.37.
(d) Removal: The trustee may be removed by the court under its inherent power to protect beneficiaries, even though he may have committed no breach of trust.
(e) Discharge: The trustee is automatically discharged on completion of the trust.
(f) Death of trustees
You have been hired as consultants to advise Mr D of DN Company limited on the performance of his company which has been in business for two years. He has provided you with a subs
The current stock price of IOU is $250 and has a standard deviation of 35% per year. The risk-free interest rate is 5% per year compounded continuously. Find the prices of a call a
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Assets 2011 2010 Non Current Assets
explain the types of principles and concepts of financial accountin
Petition by creditor Any creditor including an assignee of a debt, may petition, provided: The debt due to him amounts to at least Shs 1,000; The debt is certain and i
The basic EOQ model is depends on the subsequent assumption: 1) The forecast usage or demand for a specified period, usually one year, is identified 2) The usage/demand is ev
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