Trust is the willingness of one party (the trustor) to become vulnerable to another party (the trustee) on the presumption that the trustee will act in ways that benefit the trustor. In addition, the trustor does not have control over the actions of the trustee. Scholars distinguish between generalized trust (also known as social trust), which is the extension of trust to a relatively large circle of unfamiliar others, and particularized trust, which is contingent on a specific situation or a specific relationship.d
Describe the relationship between the Trustor and Trustee
Trust is the willingness of the trustor to become vulnerable to the trustee on the presumption that the trustee will act in ways that benefit the trustor