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Three Certainties and Creation of Express Trusts
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Trusts Law
Three Certainties and Creation of Express Trusts
Quiz · 20 questions
beginner
Which of the following statements best describes an express trust?
A
A trust that arises where property is transferred to a person who then dies before completing the intended gift.
B
A trust that is created by statute to protect the interests of minor beneficiaries under a will.
C
A trust that arises automatically by operation of law when property is transferred without the donor's clear intention.
D
A trust that is intentionally created by a settlor, usually by deed or will, declaring that specified property is to be held on trust for identified beneficiaries.
E
A trust imposed by a court to prevent a person from unjustly retaining property obtained through fraud or unconscionable conduct.
Question 1 of 20