In the Case of Keeney V

question 31

Multiple Choice

In the case of Keeney v. Keeney , the court found:

• A) a constructive trust is created by equity regardless of the intention of the parties to create a trust where legal title to property is obtained through fraud or undue influence rendering it unconscionable for the holder of legal title to retain the property.
• B) intention of the parties is the sole consideration in determining the existence of a trust.
• C) the existence of a confidential relationship prohibits the trustee from seeking any personal benefit.
• D) a totten trust is a tentative trust and the transfer of ownership becomes complete only upon the depositor's death.

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Definitions:

Antitrust Laws

Regulations aimed at promoting competition by preventing monopolies and unfair business practices.

Sherman Act

A foundational U.S. antitrust law aimed at maintaining competition by prohibiting monopolies, cartels, and other forms of restrictive trade practices.

Monopoly Power

The ability of a single firm to control the market price and output of a good or service due to lack of competition.

Alcoa Case

A landmark antitrust case in which the Aluminum Company of America (Alcoa) was found to have monopolized the production and sale of aluminum, violating the Sherman Act.