Ann and Burt Are Partners in Delta Associates

question 49

Multiple Choice

Ann and Burt are partners in Delta Associates. Burt takes advantage of a partnership opportunity for personal gain that causes Delta's business to suffer. A court orders Burt to hold the profits in trust for the partnership. This is

• A)a constructive trust.
• B)an living trust.
• C)a resulting trust.
• D)a testamentary trust.

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Definitions:

Psychology Class

An academic course focusing on the study of the mind and behavior, covering topics from mental functions to social interactions.

Observational Study

A study in which the investigator does not manipulate variables but rather observes and measures variables without intervention to find relationships.

Double-Blind Experiment

A study in which neither the participants nor the experimenters know who is receiving a particular treatment, used to eliminate bias.

Confounded

A situation in statistical analysis where the effect of one variable on an outcome cannot be separated from the effect of another variable, potentially leading to misleading conclusions.