The conduct of Edie and Floyd indicate an intention to create a trust. The circumstances raise an inference that Edie is holding legal title to property for Floyd's benefit. This is
A)not a trust.
B)a living trust.
C)a resulting trust.
D)a constructive trust.

Question

Quizplus · Accepted Answer

A resulting trust arises when a transfer of property occurs under circumstances that suggest the transferor did not intend for the transferee to have beneficial interest in the property, implying the property is held for the transferor's benefit or for someone they designate. In this scenario, the inference that Edie holds legal title for Floyd's benefit suggests a resulting trust, where the trust is implied by law based on the parties' conduct and intentions.

The Conduct of Edie and Floyd Indicate an Intention to Create