resulting trust

Definition of "resulting trust"
  1. 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
How to use "resulting trust" in a sentence
  1. A court establishes a resulting trust when John purchases a house under his name with his friend Lisa's money.
  2. 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.
  3. After receiving an inheritance in Richard's name meant for Jennifer, the court implemented a resulting trust.

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