constructive trusts Flashcards
1
Q
constructive trust
A
not a trust just preventing unjust enrichment
result - trnasfer the property to the intended beneficiary as determined by court
2
Q
how constructive trust arises
A
- trustee of a private express truste or chartible trust makes profit at the expense of the beneficiary because of self dealidng
- wills - fraud in the inducemenbt or undue influence
- secret trusts in the law of wills - the will on its face makes a gift outright to A, but the gift is given on the basis of an oral promise by A to use the property for benefit of B (semi secret trust not make you dispose of but secret trust make you constructive trust that B)
- oral real estate trust - basically ou transfer to A for B but deed doesn’t say you’re the trustee. How do you defeat SOF
a. fiduciary relationship between S and A. - fraud in the inducement
c. detrimental reliance -