Asked by Cindy Vuong on May 11, 2024
Verified
A[n] ________ trust is created by a court when an express trust fails and the court can imply a trust from certain behavior.
A) Real
B) Constructive
C) Resulting
D) Validating
E) Actual
Resulting Trust
A trust implied by law when property is transferred under circumstances suggesting the transferor does not intend the recipient to have beneficial interest in the property.
Express Trust
A trust created either while the settlor is alive or by will.
Created
Brought into existence; originated or produced something new.
- Uncover the objectives and structures of trusts, featuring express, implied, and constructive trusts.
Verified Answer
CT
Celina TrudellMay 14, 2024
Final Answer :
C
Explanation :
A resulting trust is created by a court when an express trust fails or does not completely dispose of the trust property, and the court implies a trust back to the settlor or the settlor's estate based on the presumed intention of the parties.
Learning Objectives
- Uncover the objectives and structures of trusts, featuring express, implied, and constructive trusts.