In Kauffman-Harmon v.Kauffman,when Mr.Kauffman sued his children to have all stock given to them transferred back to him,claiming their possession was only a temporary trust:
A) the court found that a temporary trust had indeed been created and that Mr. Kauffman was the equitable owner of the stock.
B) the court found that Mr. Kauffman was the equitable owner of the stock because the children had participated in a fraud when accepting ownership of the stock.
C) the court found that the children owned the stock because Mr. Kauffman's request for the return of the stock and the subsequent law suit came after the statute of limitations had run so he was barred from recovery.
D) the court found that the children owned the stock and Mr. Kauffman's claims were barred by the clean hands doctrine
Correct Answer:
Verified
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