Resulting and Constructive Trusts Flashcards
1
Q
Resulting Trust
A
Trust fails for some reason OR Purchase money Resulting Trust
2
Q
Constructive Trust
A
Equitable remedy as a result of wrongful conduct AND unjust enrichment.
3
Q
Constructive Trust imposed When:
A
Fraud in the inducement, Confidential Relationship with Grantor-Settlor, Quantum Meroit, Slayer Statute
4
Q
Slayer Statute
A
Wrongfully brings about death of decedent. UPC felonious and intentionally kills.
Distribution as though kill predeceased victim.