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A contract is a legally binding agreement between parties that outlines specific obligations and rights, typically enforceable in a court of law. In contrast, a trust is a legal arrangement where one party (the trustee) holds and manages assets for the benefit of another party (the beneficiary), often used for estate planning or asset protection. While contracts focus on mutual obligations, trusts center around the management and distribution of assets.
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What is the difference between a valid trust and enforceable contract?
a valid trust is true and an enforcebale trust can be enforced
What is the difference between credit shelter trust and irrevocable trust?
What is the difference between credit shelter trust and irrevocable trust?
What is the difference between temporary and contract?
temporary/contract work
What is the difference between contract of sell from contract of sale?
"Contract of sell" is just "contract of sale" misspelled.
Difference between Percentage of Completion method and Completed Contract method?
Difference between Percentage of Completion method and Completed Contract method?
What is the difference between contract and non contract production units?
the are just different.
What is the difference between trust and mistrust?
mistrust is you cant trust someone and trust is well you trust someone
What is the difference between breach of contract and discharge of contract?
Discharged mean terminated. A contract can be discharged by -performance -frustration -Agreement between the parties and -breach If there is a breach of terms of the contract, a contract can be discharged.
What's the difference between a covenant and a contract?
A covenant is a solemn agreement or promise, often with a spiritual or moral significance, while a contract is a legally binding agreement between parties that outlines specific terms and conditions. The main difference is that covenants are typically based on trust and mutual understanding, while contracts are more focused on legal obligations and enforcement.
What is the difference between trust and believe?
the Difference can be explained by an example.There is a belief among the employess that they have appraisal. Employees trust that there is a appraisal.
Difference between complex trust with 100 exemption and 300 exemption?
There is one main difference between exemptions in a trust. According to the IRS, a 100 exemption on a trust is a simple and personal trust, a 300 exemption is a complex trust, usually for a charitable organization.
What is the difference between a covenant and a contract?
A covenant is a solemn agreement or promise, often with spiritual or moral implications, while a contract is a legally binding agreement between two or more parties that outlines specific terms and conditions. The key difference is that covenants are typically based on trust and mutual understanding, while contracts are more focused on legal obligations and enforcement.
