Which of the Following Most Accurately Explains the Rationale Behind

question 9

Multiple Choice

Which of the following most accurately explains the rationale behind resulting trusts? (Think carefully before answering) .

• A) Resulting trusts arise to give effect to simple property rules that a person remains owner of property that has not properly been transferred to someone else.
• B) Resulting trusts arise to remedy defects in relation to the beneficial ownership of property.
• C) Resulting trusts arise to give effect to the presumed or common intention of the parties involved.
• D) Resulting trusts arise in response to the absence of intention on the part of the transferor to pass a beneficial interest to the transferee.

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Definitions:

Exhaust Administrative Remedies

The principle that requires a party to use all available administrative options or appeals within an agency before pursuing legal action in court.

Writ of Certiorari

A type of writ by which a higher court reviews the decisions of a lower court.

Inspector General

An official in charge of inspecting and overseeing the operations and activities within a particular organization to ensure compliance and integrity.

Administrative Adjudications

Administrative Adjudications refer to the process by which government agencies resolve disputes or make determinations in regulatory or legal matters.