Which one of the following is NOT a feature of a business trust?
(1) Only natural persons may be parties to a trust.
(2) The debts of a trust are normally payable out of the trust estate.
(3) A trust may be given perpetual succession. (4)
A trust enjoys greater confidentiality than other forms of enterprise.
Amongst the listed features or characteristics of business trust, it is not true that he enjoys greater confidentiality as compared to the enterprises. Other business enterprises like the limited liability enterprise and the sole proprietor may be experiencing greater confidentiality as compare to trust enterprise. Therefore forms of enterprise., almost every idea or step was taken in the trust enterprise everybody in the trust should be made aware of it.