A(n)________ trust is an equitable trust imposed on one who wrongfully obtains or holds legal right to property he or she should not possess.
A)resolute
B)Totten
C)constructive
D)implied-in-fact
E)absolute

Question

Quizplus · Accepted Answer

When an agent illegally benefits from the agency relationship,the principal may enact a constructive trust on the profits,goods,or property in question.A constructive trust is an equitable trust imposed on a person who wrongfully obtains or holds legal right to property he or she should not possess.When a principal enacts a constructive trust,the court rules that the agent is merely holding the property or goods in trust for the principal,granting the principal legal right or possession.

A(n)________ Trust Is an Equitable Trust Imposed on One Who