classification

Question 1

Express Trusts

Answer 1

Express trusts are created by the express intention of the settlor.
They fall into two categories distinguished primarily by the identity of
their beneficiaries:
* Private—private beneficiaries (certain ascertainable persons)
* Charitable—charitable beneficiaries (indefinite class of persons or
the public in general)

Question 2

Resulting Trusts

Answer 2

Resulting trusts arise from the presumed intention of the owner of the property.

Question 3

Constructive Trusts

Answer 3

Constructive trusts are an equitable remedy used to prevent unjust enrichment