A Resulting Trust Depends on a Contract or Agreement as Evidenced

question 70

True/False

A resulting trust depends on a contract or agreement as evidenced by the parties' acts.

---

Definitions:

Supplier Obligations

Legal or contractual responsibilities that a supplier must fulfill in relation to the delivery of goods or services.

Contract

A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of a particular arrangement or service.

Outsourcing Decisions

The process of deciding to obtain goods or services from external sources rather than internally to reduce costs, improve efficiency, or gain expertise.

Credit Check

An evaluation of an individual's or company's creditworthiness, often conducted by lenders before loan approval.