Excerpt from The Legal Status of the Common Law Trust: A Thesis Presented for the Degree of Master of Business Administration The present law regulating these so-called Massachusetts trusts is of two kinds: common law, when the court decides that the organization is a common law trust, and statute law, Uniform Partnership Act, when the court determines that the organization is a partnership. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.