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In All Circumstances Where a Purchaser Has Promised to Honour

question 9

True/False

in all circumstances where a purchaser has promised to honour a contractual licence, they will be bound by a constructive trust.


Definitions:

Withdraw

The act of removing funds from a bank account, or discontinuing participation in an activity or agreement.

Simple Interest

Interest calculated on the principal portion of a loan or deposit, not compounding on earned interest.

Savings Account

An account at a banking institution, offering the preservation of the initial amount with a low interest return.

Deposit Today

The action of placing money into a financial account with the intention that it starts earning interest or grows in value from today onwards.

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