Commercial Constructive Trusts; Restitution; Equity Alternatives Flashcards
1
Q
Chase Manhatten v Israel-British Bank
A
Claimant paid into bank twice by mistake. Payment could be traced into hands of bank. Bank held money on constructive trust for claimant.
2
Q
Banner Homes v Luff Developments
A
Luff and Banner agreed on joint venture. Luff changed their mind and bought commercial site without telling banner. They told banner after that they did not want to continue on joint venture. Banner believes they had half share in commercial site. It would be unconscionable not to let them. They relied to their own detriment.
3
Q
Barclays Bank v Quistclose Investments
A
Rolls razor failed to pay loan back to claimants. Bank held money on constructive trust for the claimants.
