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Week 1 - Coggle Diagram
Week 1
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Trust
Trustee
Bears the burdens of the property:
- management
- investment
insurance
- repairs and maintenance
- other expenses and liabilities
Beneficiary
Entitled to benefits of property:
- rent, interests and profits
- proceeds of sale
Theoretical Perspectives
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Law and Economics Theory
Corporations are not real persons with rights, but a nexus of contracts between autonomous individuals
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