Asked by
MARIA DEL CARMEN REYES VALENCIA
on Nov 21, 2024Verified
What should Melanie seek if she wants possession of the lakeside lot Kumar purchased?
A) A resolute trust
B) An actual trust
C) A constructive trust
D) A defined trust
E) An absolute trust
Constructive Trust
An equitable remedy imposed by a court to prevent unjust enrichment, treating the holder of property as if they were a trustee of it for the benefit of another.
Lakeside Lot
A piece of land located adjacent to, or in close proximity to, a lake.
Possession
The act of having control over something or owning something, either physically or legally.
- Acknowledge the legal implications of conduct by agents representing principals.
Verified Answer
MR
Learning Objectives
- Acknowledge the legal implications of conduct by agents representing principals.