An Equitable Trust That Is Implied by Law to Avoid

question 11

Multiple Choice

An equitable trust that is implied by law to avoid fraud, unjust enrichment, and injustice is defined as a ________.

• A)constructive trust
• B)testamentary trust
• C)spendthrift trust
• D)Totten trust

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Definitions:

International Businesses

Companies that engage in trade or investment operations across national borders, involving various complexities such as legal, cultural, and economic factors.

International Environment

The external context that includes all the foreign countries and markets where a business operates or competes, encompassing economic, cultural, political, and legal differences.

Human Resource Managers

Professionals responsible for overseeing employee-related aspects of a company, including recruitment, training, policy enforcement, and benefits administration.

Local Training

Training programs that are developed and delivered within a specific geographical location or community, often aimed at addressing the unique needs of the local workforce.