Constructive and resulting trusts Flashcards
Elements of constructive trust
wrongful conduct and unjust enrichment
Generally, what is a constructive trust?
equitable remedy designed to disgorge unjust enrichment
2 steps of constructive trust
1) admit will to probate
2) apply equity: wrongful conduct and unjust enrichment -> constructive trust in favor of X (hold on a CT for X’s benefit; distribute directly to X)
Evidentiary standard for finding murder in civil action
preponderance of evidence
Secret trust (oral promise to hold land as trustee for X’s benefit) enforceable as constructive trust?
Yes if proved by C+C evidence.
or else trustee would be unjustly enriched (keep trust property) by wrongful conduct (denying promise)
testimony admissible to show existence of promise
If A pays the purchase price for land but title taken in B’s name, and A and B are not related, presumption:
B holds on a purchase money resulting trust and A can compel re-conveyance at any time
Purchase money resulting trust: evidence is admissible to show…
gift or loan of purchase price (B borrowed money from A to purchase and it’s B’s land)