Which of the Following Statements Most Accurately Describes the Role

question 1

Multiple Choice

Which of the following statements most accurately describes the role of intention in finding that a resulting trust over defined property exists in equity?

• A) Resulting trusts give effect to the actual intentions of the owner of property.
• B) Resulting trusts are imposed on the basis of the conduct of the person who becomes trustee of the property concerned.
• C) Resulting trusts arise to give effect to the implied intentions of the owner.
• D) Resulting trusts are imposed whenever the court decides they should arise, irrespective of the intentions of the owner or the would-be trustee.

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Definitions:

Bank Insolvency

A situation where a bank's liabilities exceed its assets, rendering it unable to meet its obligations.

Certificates of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by a bank to a depositor.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with fixed dividends.

Eurobond

An international bond that is denominated in a currency not native to the country where it is issued, offering a way for entities to raise capital in foreign markets.