Helga wants to buy a painting that is to be sold at an auction next week, but she has an unforeseen engagement which requires her to go out of town on the day of the auction.She asks her sister Karina to attend the auction and bid for the painting.If the sale is successful, Karina is to claim legal title to the painting till Helga returns.What kind of a trust is created between Helga and Karina?

Question

Quizplus · Accepted Answer

A resulting trust is created when one person holds property for the benefit of another, as in this case where Karina holds the painting for Helga.

Helga Wants to Buy a Painting That Is to Be