Over Time, the Customer Relationship with Vendors Has Become More

question 5

True/False

Over time, the customer relationship with vendors has become more personal.

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Definitions:

Resulting Trust

An implied trust that arises when one party holds the legal title to another’s property only for that other’s benefit.

Probate

The legal process through which a deceased person's will is validated, and their estate is distributed to heirs and beneficiaries.

Constructive Trust

A constructive trust is an equitable remedy imposed by a court to address wrongful conduct, such as fraud or unjust enrichment, creating a fiduciary relationship over the property for the benefit of the wronged party.

Entitled

Having a legal right or a just claim to receive or do something.