Which of the Following Is an Accurate Description of an Implied

question 32

Multiple Choice

Which of the following is an accurate description of an implied trust?

• A)The trustee has the power to choose the beneficiaries and the amounts to be paid to them.
• B)The parties clearly intended to create a trust,but did not express that intention.
• C)Each beneficiary is identified in the trust deed and has an equal share in the trust.
• D)A person has become the legal owner of property as the result of a breach of fiduciary duty.

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Definitions:

Repairs

The process of fixing or restoring something that is broken, damaged, or malfunctioning to a good condition.

Public Easement

A legal right granted to the public to use a specific parcel of land for a designated purpose, such as a pathway or utility line.

Fee Owner

The individual or entity that holds full ownership rights of a property, including the ability to use, sell, or lease it.

Soil

The top layer of the earth's surface, composed of organic matter, minerals, gases, liquids, and organisms, supporting plant life.