Transfer of income is revocable in the following cases:
A. Sale with a condition of re-purchase
B. Power to change beneficiary or trustees
C. Both (A) and (B)
D. Neither (A) nor (B)
Answer:C
Transfer of income is revocable in the following cases:
A. Sale with a condition of re-purchase B. Power to change beneficiary or trustees C. Both (A) and (B) D. Neither (A) nor (B)