Which of the Following Statements Is False in Relation to the Operation

question 8

Multiple Choice

Which of the following statements is false in relation to the operation of presumed resulting trusts?

• A) In the absence of a clear intention to make a gift, a rebuttable presumption of resulting trust arises on a voluntary transfer of personal property without consideration.
• B) A purchase money resulting trust will arise in relation to land on the basis of any direct or indirect contributions to the purchase of the land.
• C) Resulting Trusts arise on the basis of two rebuttable presumptions - a presumption against gifts and a presumption in favour of the provider of the purchase money
• D) The presumption of a purchase money resulting trust may be rebutted by admission of evidence that the payment was advanced as a loan.

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Definitions:

Indices

Benchmarks or measures that track the performance of a specific basket of stocks, bonds, or other investment vehicles.

Period

A span of time during which certain events or conditions exist or take place, often used in reference to financial reporting, investment intervals, or cycles.

Cross Hedging

The practice of hedging risk by using a contract that is correlated with, but not identical to, the actual underlying asset or liability.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type, often traded on futures exchanges.