Which of the following statements concerning a power of appointment is (are) correct?

Which of the following statements concerning a power of appointment is (are) correct?

l. A power of appointment can be designed to restrict the donee’s right to appoint the property in favor of a specific class of recipients.

ll. A power of appointment can be designed to restrict the time period during which the donee may exercise the power.
A . l only
B . II only
C . Both l and II
D . Neither I nor II

View Answer

Answer: C