Presumed resulting trusts Study guides, Revision notes & Summaries

CTFA - Fiduciary & Trust Activities Latest Update Graded A+ Constructive Trusts A fraud rectifying trust, imposed by a court to protect those who lose property to a wrongdoer Resulting Trust An intent enforcing trust based upon the presumed intent of a transferor of property Implied Trust An implied trust is an element of trust law, and refers to a trust that has not been "expressly created by the settlor."[1] There are two types of implied trust: Constructive Trusts and Resu...

Constructive Trusts : A fraud rectifying trust, imposed by a court to protect those who lose property to a wrongdoer Resulting Trust : An intent enforcing trust based upon the presumed intent of a transferor of property Implied Trust : An implied trust is an element of trust law, and refers to a trust that has not been "expressly created by the settlor."[1] There are two types of implied trust: Constructive Trusts and Resulting Trusts are always : Implied Trusts Can a minor hold ...

CTFA Exam Questions & Answers 2024 Test - ANSWER-This is a test Steven - ANSWER-Nyu student Governing Trust instrument State Trust Law Federal laws such as federal tax & environmental laws - ANSWER-Rules governing the actions of a trustee are determined by: Trustee - ANSWER-Legal title to trust property is vested in: Beneficiaries - ANSWER-Equitable title to trust property is held by: Yes - ANSWER-Can settlor create trust by oral expression of intent? Express Trust - ANS...

Test This is a test Steven Nyu student Governing Trust instrument State Trust Law Federal laws such as federal tax & environmental laws Rules governing the actions of a trustee are determined by: Trustee Legal title to trust property is vested in: Beneficiaries Equitable title to trust property is held by: Yes Can settlor create trust by oral expression of intent? Express Trust When a settlor creates a trust declaring herself or himself as a tru...

This is a test - Answer-Test Nyu student - Answer-Steven Rules governing the actions of a trustee are determined by: - Answer-Governing Trust instrument State Trust Law Federal laws such as federal tax & environmental laws Legal title to trust property is vested in: - Answer-Trustee Equitable title to trust property is held by: - Answer-Beneficiaries Can settlor create trust by oral expression of intent? - Answer-Yes When a settlor creates a trust declaring herself or himself as a truste...

Case table produced by a 1st class student. Includes: - Facts of the case (where needed) - Ratio/judgment - Critical analysis - Section for reform This case table is for resulting trusts in an Equity & Trusts course. The subtopics included are: - General rules of a presumption of a resulting trust - The argument of illegality (detailed case analysis of Patel v Mirza in particular, especially of the three-strands of illegality) - Cases post- Patel v Mirza - Reform of a presumed resu...

The document provides detailed notes on resulting (both presumed and automatic) and Quistclose trusts. It contains references to case law and statute, together with relevant academic commentary.

CTFA - Fiduciary & Trust Activities Questions with complete Answers 2023 Constructive Trusts A fraud rectifying trust, imposed by a court to protect those who lose property to a wrongdoer Resulting Trust An intent enforcing trust based upon the presumed intent of a transferor of property Implied Trust An implied trust is an element of trust law, and refers to a trust that has not been "expressly created by the settlor."[1] There are two types of implied trust: Construc...

CTFA QUESTION WITH COMPLETE ANSWERS 2023 Test This is a test Steven Nyu student Governing Trust instrument State Trust Law Federal laws such as federal tax & environmental laws Rules governing the actions of a trustee are determined by: Trustee Legal title to trust property is vested in: Beneficiaries Equitable title to trust property is held by: Yes Can settlor create trust by oral expression of intent? Express Trust When a settlor creates a t...

Texas Essay Exam 386 Questions with Verified Answers Essay 1 Question 1 (secured) Bank gave loan to Leather store in exchange for security agreement granting Bank "all Leather's inventory now and after-acquired" 5 days later, Jane buys a jacket from the store in a regular retail sale unaware of the financial relationship between Bank and Leather - CORRECT ANSWER Jane has superior claim to the Jacket. (although the Bank had a perfected security interest in the inventory of the sto...