​A Resulting Trust Arises from the Conduct of the Parties

question 19

True/False

​A resulting trust arises from the conduct of the parties.

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Definitions:

Net Sales

The total revenue from sales reduced by returns, allowances for damaged or missing goods, and discounts.

FOB Destination

A shipping term where the seller pays for transportation of the goods to the buyer's location, and ownership of the goods transfers upon delivery.

Shipping Charges

Shipping charges are fees associated with the transport of goods from one location to another, typically incurred by the seller or buyer in a transaction.

Perpetual Inventory System

An inventory management system where updates are made continuously as transactions occur, ensuring real-time accuracy of inventory records.