Which of the Following Is an Accurate Description of an Implied

question 32

Multiple Choice

Which of the following is an accurate description of an implied trust?

• A)The trustee has the power to choose the beneficiaries and the amounts to be paid to them.
• B)The parties clearly intended to create a trust,but did not express that intention.
• C)Each beneficiary is identified in the trust deed and has an equal share in the trust.
• D)A person has become the legal owner of property as the result of a breach of fiduciary duty.

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Definitions:

Benjamin Franklin

A Founding Father of the United States, known for his contributions as an inventor, writer, scientist, and diplomat.

Printing Business

involves the production of books, newspapers, magazines, and other printed matter, utilizing various printing technologies and processes.

Enslaved Men

Individuals, particularly males, who were forced into servitude without freedom or rights, commonly in historical contexts referring to practices such as those in pre-Civil War America.