Asked by Reylan Davis on Jul 21, 2024
Verified
Which of the following is true about a constructive trust?
A) It normally contains detailed instructions for the trustee to follow.
B) The court imposes it to redress an injustice.
C) It is revocable by the trustee.
D) It carries out the intentions of the trustee.
Constructive Trust
A legal remedy imposed to address unjust enrichment, where property is held by someone who should not profit from it.
- Become acquainted with the various forms of trusts and their indicative qualities.
- Understand the consequences of failing to meet legal standards for wills and trusts.
Verified Answer
ML
Melissa LalasinghJul 25, 2024
Final Answer :
B
Explanation :
A constructive trust is not created by a trust document or the intentions of a trustee but is imposed by a court to prevent unjust enrichment or correct wrongdoing. It does not contain detailed instructions, is not revocable by the trustee, and does not carry out the trustee's intentions.
Learning Objectives
- Become acquainted with the various forms of trusts and their indicative qualities.
- Understand the consequences of failing to meet legal standards for wills and trusts.