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Source Exigent Circumstances Exigent Circumstances Showing the closest available flashcard practice.

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0 tracked cards Supplemental - Not MEE July 2026

Trustee lacks investment experience and hires Adviser to manage the trust portfolio. Trustee does not check Adviser's credentials, gives no written investment objectives, and ignores monthly reports showing speculative trading inconsistent with the trust's income needs.
Which statement best describes Trustee's delegation duties?

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A trustee may delegate appropriate functions but must use reasonable care in selecting, instructing, and monitoring the agent. Delegation automatically makes the agent a trust beneficiary. A trustee who delegates must terminate the trust. A trustee may delegate investment functions without inquiry and has no further duties after delegation.

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