Asked by
Cheyenne Tindall
on Nov 21, 2024
Verified
A[n] ________ trust is an equitable trust imposed on one who wrongfully obtains or holds legal right to property he or she should not possess.
A) Resolute
B) Actual
C) Constructive
D) Defined
E) Absolute
Constructive Trust
A legal remedy imposed by a court to rectify situations where someone wrongfully holds property they should not benefit from.
Legal Right
A claim recognized and delimited by law for the purpose of securing it.
- Comprehend the legal responsibilities of agents in contexts involving contracts and transactions.
Verified Answer
VP
Learning Objectives
- Comprehend the legal responsibilities of agents in contexts involving contracts and transactions.