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.