Constructive Trusts Are Generally Found Where the Creator Clearly Intended

question 28

True/False

Constructive trusts are generally found where the creator clearly intended a trust to be formed.

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Definitions:

Types Of Accounting

Various methodologies and practices for recording, analyzing, and managing financial transactions and statements.

Use-It-Or-Lose-It

A principle emphasizing that not using a skill or capacity may lead to its gradual deterioration over time.

Operating Budget

An operating budget consists of all revenues and expenses over a specific period of time (usually fiscal year) that an organization expects to incur to carry out its planned activities.

Capital Budget

Capital Budget constitutes the planning and allocation of funds for significant long-term investments or expenditures that a company or organization undertakes to grow or maintain its business operations.