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Which of the Following Is an Accurate Description of an Implied

Question 32

Multiple Choice

Which of the following is an accurate description of an implied trust?


A) The trustee has the power to choose the beneficiaries and the amounts to be paid to them.
B) The parties clearly intended to create a trust,but did not express that intention.
C) Each beneficiary is identified in the trust deed and has an equal share in the trust.
D) A person has become the legal owner of property as the result of a breach of fiduciary duty.

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