A Trust That Is Implied from the Intention of the Parties

question 16

Multiple Choice

A trust that is implied from the intention of the parties that the person holding legal title is holding it for another's benefit is called a

• A) pour-over trust.
• B) precatory trust.
• C) resulting trust.
• D) constructive trust.

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Definitions:

Population Mean

The average of all the values in a population, representing a parameter that is typically unknown.

Defective Rate

The frequency at which an item, process, or procedure is found to fail based on a set standard or benchmark.

Assembly Process

The method or series of actions taken to assemble components into a finished product.

Hypothesis Test

A technique in statistical analysis that leverages sample data for examining a hypothesis related to a population attribute.