“Implied trusts” are created as by operation of law. This is rooted in the belief that if a trust were not lawfully created to address the situation:
a. the government would not receive any inheritance tax.
b. someone would be unjustly enriched.
c. both a and b
d. none of the above
b. someone would be unjustly enriched.
You might also like to view...
To recapture a chattel, the privilege must be asserted within 24 hours from when the person's property was taken (when the dispossession occurred)
Indicate whether the statement is true or false
An opinion letter that includes legal advice may be signed by a person who is not lawyer
Indicate whether the statement is true or false
What are the three parties involved in order paper?
What will be an ideal response?
Megan's will left $1,000 to her second cousin, Myra. Myra predeceased Megan but had surviving children. Would the gift likely be saved by an anti-lapse statute? Why or why not?
What will be an ideal response?