Which of the following actions on the part of a trustee is (are) a breach of his duties?

Which of the following actions on the part of a trustee is (are) a breach of his duties?

I. Placing substantial amounts of cash from the sale of securities in a no interest bearing checking account for a period of years

II. Investing all trust assets in securities that favor income beneficiaries to the detriment of remainder persons
A . l only
B . II only
C . Both l and ll
D . Neither I nor II

View Answer

Answer: C