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
Answer: C
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