Which of the Following Is Not a Situation in Which

question 3

Multiple Choice

Which of the following is not a situation in which a constructive trust may be employed?

• A) To allow an interest to bind a purchaser of registered land where the purchaser's conduct reveals acceptance of the defendant's particular interest, such as through paying a lower purchase price for the property, even though the interest is not protected by entry on the register.
• B) To give the purchaser an immediate entitlement in equity to property sold under a specifically enforceable contract.
• C) To found an interest in the family home whenever justice and good conscience require it.
• D) To enforce mutual wills against the survivor of a commonly executed will.

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Definitions:

Diminishing Marginal Returns

Describes a point in production where the addition of one more unit of input results in a less than proportional increase in output.

Per-unit Costs

Refer to the average cost for each unit of a product or service that is produced, including all relevant expenses.

Marginal Costs

The additional cost incurred by producing one more unit of a good or service.

Fixed Costs

Costs that do not change with the level of output or sales, such as rent, salaries, and insurance, remaining constant regardless of business activity levels.