Under Exceptional Circumstances in Which the Creation of a Trust

question 68

Multiple Choice

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.

• A)implied
• B)spendthrift
• C)Totten
• D)blind

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Definitions:

Conform

To adjust one's behavior or attitudes to align with the standards, rules, or laws of the group or society one is a part of.

Social Dominance Theory

A theory positing that societies are structured into hierarchical systems, with dominant and subordinate groups influencing social inequality.

Intergroup Conflict

Occurs when groups with different objectives, beliefs, or resources become engaged in a struggle for power, status, or scarce resources.

Prerogatives

Exclusive or special rights and privileges that one possesses, often by virtue of position, social status, or law.