Examlex
Which of the following is not true?
Constructive Trust
(1) An implied trust in which a party is named to hold the trust for its rightful owner. (2) An equitable trust imposed on someone who wrongfully obtains or holds legal right to property he or she should not possess.
Created
Brought into existence; the act or process of bringing something into being that did not exist before.
Rightful Owner
A person or entity that legally possesses property or title.
Constructive Trust
A legal remedy imposed by a court to prevent unjust enrichment by transferring property from the person who unjustly benefits to the rightful owner.
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