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What are the concepts related to Monetary, Constructive Trust, Equitable Lien, and Subrogation?

1) Monetary Trust, Constructive Lien, Equitable Subrogation
2) Constructive Trust, Equitable Lien, Monetary Subrogation
3) Equitable Trust, Monetary Lien, Constructive Subrogation
4) Constructive Trust, Equitable Lien, Monetary Subrogation

User Rawr
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1 Answer

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Final answer:

The concepts related to Monetary Trust, Constructive Trust, Equitable Lien, and Subrogation are legal concepts studied in college law courses.

Step-by-step explanation:

The concepts related to Monetary Trust, Constructive Trust, Equitable Lien, and Subrogation are often studied within the field of law.

Monetary Trust refers to a situation where a person holds money or assets on behalf of someone else, in a fiduciary capacity. Constructive Trust is a legal remedy that allows a court to impose a trust relationship when it determines that it would be unfair for someone to retain legal ownership of property. Equitable Lien is a type of security interest that arises when a court determines that one party has a right to compensation for the improvement or preservation of property. Subrogation is a legal principle that allows an insurer to step into the shoes of a policyholder and pursue a third party for damages.

In summary, the correct combination of concepts is 4) Constructive Trust, Equitable Lien, Monetary Subrogation.

User Duncan Krebs
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