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Under Exceptional Circumstances in Which the Creation of a Trust

question 68

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Under exceptional circumstances in which the creation of a trust is necessary to effectuate a settlor's intent or avoid unjust enrichment,the law imposes a trust even though no express trust exists.This is known as a(n) ________ trust.


Definitions:

Desired Performance

The level of operational or output quality that an organization aims to achieve.

Feedback Controls

Take place after an action is completed.

End Results

The final outcomes or objectives that are aimed for in a business or project management context.

Future Planning

The process of setting goals and developing strategies for achieving them in the future, often involving forecasting and scenario analysis.

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