Which of These Statements Is True

question 3

Multiple Choice

Which of these statements is true:

• A)Implied trusts are expressly created by the settlor
• B)Implied trusts fill gaps
• C)Implied trusts are implied by equity

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Definitions:

Imitation

The action of using someone or something as a model and copying their behavior or actions.

Legal Expenses

Costs associated with legal advice, litigation, or other legal activities which individuals or businesses might incur.

Trademark

A recognizable sign, design, or expression that identifies products or services of a particular source from those of others, legally protected under intellectual property laws.

Fishing Lure

An object used in fishing to attract and catch fish, often designed to mimic the appearance or movement of prey.