Multiple Choice Questions on A resulting trust can arise in which of the following ways I Where a donor or testator sets aside pr........... for Judicial Services (Master) Preparation

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Multiple Choice Questions

A resulting trust can arise in which of the following ways I Where a donor or testator sets aside pr...........

Limitation Act (LA) 1963 Acquisition of ownership by possession
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    A resulting trust can arise in which of the following ways?

    I. Where a donor or testator sets aside property from the general body of his estate and vests it in trustees upon certain trusts which on the face of them do not exhaust the whole of the property

    II. Where a provision for a trust made by a settler or testator is in excess of what the trust itself can consume

    III. Where a trust fails

    IV. Where a provision made contravene any provision of law, i.e. are void

    I, III

    Incorrect Answer

    II, IV

    Incorrect Answer

    I, IV

    Incorrect Answer

    All of these

    Correct Answer
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    Explanation:

    To determine when a resulting trust arises, consider:

    - Statement I: A resulting trust can arise when property is set aside for specific trusts but not all property is used.

    - Statement II: If a settlor's trust provision exceeds what is needed, a resulting trust might arise.

    - Statement III: A trust that fails leads to the property returning as a resulting trust.

    - Statement IV: If trust provisions are illegal or void, a resulting trust can result.

    Option: 4- All of these is correct.

    - All statements describe scenarios leading to resulting trusts.

    -

    By: Parvesh Mehta
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