Asked by Bryce McCoy on Jun 12, 2024

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Under exceptional circumstances in which the creation of a trust is necessary to effectuate a settlor's intent or avoid unjust enrichment,the law imposes a trust even though no express trust exists.This is known as a(n) ________ trust.

A) implied
B) spendthrift
C) Totten
D) blind

Implied Trust

A trust not created by explicit words but inferred by law to avoid injustice or to reflect the presumed intention of the parties involved.

Unjust Enrichment

A legal principle where one party is unjustly benefited at the expense of another, often requiring restitution to the party disadvantaged.

Express Trust

A trust explicitly created by a trustor, typically in written form, specifying the beneficiary and terms of the trust.

  • Comprehend the variety of trust arrangements and their intended benefits, including express, spendthrift, and resulting trusts.
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JS
Jerick SarcenoJun 14, 2024
Final Answer :
A
Explanation :
Under exceptional circumstances in which the creation of a trust is necessary to effectuate a settlor's intent or avoid unjust enrichment,the law implies or imposes a trust even though no express trust exists.