Tom, a trustee, fraudulently purchases property with trust funds and puts title in his own name. What type of trust is created?

A) Constructive trust
B) Implied trust
C) Express trust
D) Resulting trust


A

Business

You might also like to view...

Chad wants to build a start-up company with a small number of people working for him. He decides to do all the hiring himself. Lucas, a friend of Chad's who is a lawyer, warns Chad about the risk of discrimination complaints he could receive from applicants who are not hired. Which statement best expresses the basis of Lucas's concern about avoiding discrimination?

A. Interviews are expensive, so their validity and reliability are always in question. B. Interviews are narrow and standardized, so they do not allow interviewers to test the integrity of interviewees with ease. C. Interviews are situational, so they provide a means to check the accuracy of information provided by the candidate. D. Interviews require polygraph tests, which give the interviewer an opportunity to ask questions that can violate the privacy rights of the interviewee. E. Interviews are subjective, so they have the potential of assessing candidates based on questions not related to the job.

Business

The records of a department store show that 20% of its customers who make a purchase, return the merchandise in order to exchange it. In the next six purchases, a.what is the probability that three customers will return the merchandise for exchange?b.what is the probability that four customers will return the merchandise for exchange?c.what is the probability that none of the customers will return the merchandise for exchange?

What will be an ideal response?

Business

George prepares a memorandum explaining the objectives of a newly created work team that he is expected to manage, and makes sure it reaches each team member. He is involved in ________.

A. deciphering the message B. organizational communication C. lateral communication D. decoding the message

Business

Select the accurate statement regarding leadership vision.

A. A vision helps an organization maintain the status quo. B. A person or team can develop a vision for any organization. C. A strong leader succeeds without developing a clear vision. D. A vision exists only at the higher levels of an organization. E. A vision focuses only on performance and day-to-day survival.

Business