Section 2 of the Law of Property (Miscellaneous Provisions) Act

question 7

Multiple Choice

Section 2 of the Law of Property (Miscellaneous Provisions) Act 1989 does not apply to: - Please select all that apply.

• A) Resulting trusts
• B) Implied trusts
• C) Constructive trusts
• D) Proprietary estoppel claims

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Definitions:

Operating Income

The profit earned from a firm's normal core business operations, calculated before the deduction of interest and taxes.

Fixed Manufacturing Overhead

Costs associated with production that do not vary with the level of output, such as salaries of managers and depreciation of factory equipment.

Deferred

A term indicating that something has been postponed or delayed, often referring to income, taxes, or expenses.

Inventories

Assets held for sale in the ordinary course of business, or materials that will be used in the production of goods to be sold.