resulting trust
- A legally implied trust where a person, who holds title or possession of a property, is considered as a trustee for the rightful owner, who thus becomes the beneficiary
- A court establishes a resulting trust when John purchases a house under his name with his friend Lisa's money.
- When Lisa left her valuable painting with her neighbor while she was on vacation and the neighbor mistakenly sold it, the court created a resulting trust.
- After receiving an inheritance in Richard's name meant for Jennifer, the court implemented a resulting trust.
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