Implied trusts - Study guides, Revision notes & Summaries

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

Rules of Construction Help to identify and establish the intent of the parties to the contract Utmost good faith Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract A contract under which one party's performance is contingent on an uncertain event. property and casualty agent has the power to bind the insurer...

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 ...

Scored 78 using these notes in the final exam (2022). Covers all topics in Land Law on the GDL at ULaw. Follow the headings in order to match the distinction-style structure taught by ULaw tutors. Anything in yellow is where context based on the question can be inserted into the space.

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...

Florida Health 240 Insurance Exam Questions With Verified Solutions Rules of Construction - answerHelp to identify and establish the intent of the parties to the contract Utmost good faith - answerEach party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract - answerA contract under which one party's performance is contingent on an unc...

Florida Health 240 Insurance Exam Questions With Verified Solutions Rules of Construction - answerHelp to identify and establish the intent of the parties to the contract Utmost good faith - answerEach party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract - answerA contract under which one party's performance is contingent on an unc...

Florida Health 240 Insurance Exam Questions With Verified Solutions Rules of Construction - answerHelp to identify and establish the intent of the parties to the contract Utmost good faith - answerEach party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. Aleatory Contract - answerA contract under which one party's performance is contingent on an unc...

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...