When a Person Procures the Transfer of Property by Means

question 1

Multiple Choice

When a person procures the transfer of property by means of fraud or duress,he becomes a(n) ________ and is under an obligation to return the property to its original owner.

• A)constructive trustee
• B)implied trustee
• C)executor
• D)administrator

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Definitions:

Collection Float

The time period between when a check is deposited and when the funds become available in the recipient's account, affecting the cash flow and liquidity.

Float Management

The practice of managing the time between when a check is deposited and when it clears, to optimize the use of funds.

Target Cash Balance

The optimal amount of cash a company seeks to maintain to handle operational and transactional needs efficiently.

Carrying Costs

Expenses associated with holding inventory, including storage costs, insurance, and loss due to obsolescence.