Which of the following is an accurate description of a constructive implied trust?
A)The trustee has the power to choose the beneficiaries and the amounts to be paid to them.
B)The parties clearly intended to create a trust,but did not express that intention.
C)Each beneficiary is identified in the trust deed and has an equal share in the trust.
D)A person has become the legal owner of property as the result of a breach of fiduciary duty.

Question

Quizplus · Accepted Answer

A constructive implied trust is not established by the intention of the parties but rather is imposed by law as an equitable remedy. It typically arises when someone has acquired property through wrongful means, such as a breach of fiduciary duty, and is deemed to hold the property in trust for the rightful owner.

Which of the Following Is an Accurate Description of a Constructive