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An Equitable Trust That Is Implied by Law to Avoid

question 50

Multiple Choice

An equitable trust that is implied by law to avoid fraud, unjust enrichment, and injustice is defined as a ________.


Definitions:

Law of Demand

The Law of Demand states that, all else being equal, as the price of a good increases, the demand for that good decreases, and conversely, as the price decreases, demand for the good increases.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity, usually intended to protect consumers from excessive costs.

Economic Effects

The consequences of a particular policy or economic event on the welfare of the economy.

Price Floor

A government-imposed minimum price for a product or service, intended to prevent prices from falling below a certain level.

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