Question

For any money or other property entrusted to a chiropractic physician for a specific purpose, including advances for costs and expenses of examination or treatment which may not exceed the value of $1,500 must be held in a ______.

A. Trust account
B. Special fund
C. Secure vault
D. Personal savings account

Answer 1

Money or property entrusted to a chiropractic physician for a specific purpose must be held in a trust account.

Step-by-step explanation:

For any money or other property entrusted to a chiropractic physician for a specific purpose, including advances for costs and expenses of examination or treatment, which may not exceed the value of $1,500, it must be held in a Trust account.

A trust account is a type of bank account specifically designed to hold funds that are being held in a fiduciary capacity, meaning they are being held on behalf of someone else.