Which of the Following Statements Is Most True in Relation

Which of the following statements is most true in relation to the rights of the potential objects of a discretionary trust?

A) Each object has a discrete proprietary interest in the trust fund.
B) In the case of a non-exhaustive discretionary trust, the class as a whole has a proprietary interest in the trust fund.
C) In the case of an exhaustive discretionary trust, the class as a whole has a proprietary interest in the trust fund.
D) The objects of a discretionary trust have no rights whatsoever.

Correct Answer:

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