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(This type of trust is a constructive trust).
"And the remedy is what we call a constructive trust".
Mr. Parella said that with a constructive trust, one or more individuals are deemed to hold title to property on behalf of someone else.
Mr. Wynn may want to buy the art from the MGM Grand, but a New York investment firm, Crandon Capital Partners, filed suit to place the art collection in a "constructive trust" to freeze any proceeds of the sale.
More common than palimony claims or co-habitation agreements are cases in which one ex files a "constructive trust" lawsuit, typically applied to situations in which the ownership of property is in dispute due to alleged promises between would-be owners.
The suit further requested that the franchise be placed in a constructive trust and no longer in the ownership of PBC.
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Begin with economics, and recall that critics of orthodox contract who seek to assimilate contract to fiduciary ideals propose that contractual promisors should manage contractual performance not purely on their own but rather also on their promisees' accounts, in a kind of constructive trust for their promisees' benefits.
Sondra Harris, a divorce lawyer in Woodmere, N.Y., says constructive trust cases are often filed after one partner in an unmarried relationship buys a house and orally agrees to joint ownership with the other, who is helping to pay the mortgage.
The great thing about the reinvention of the constructive trust in the 1960s was that it seemed to provide a sufficiently malleable tool to connect real property and real people.
However, in June 1997 SyQuest slapped Castlewood with a lawsuit for misappropriation of trade secrets, breach of fiduciary duty, unfair competition, constructive trust and other causes of action.
The constructive trust doctrine is not exactly easy to operate.
More suggestions(15)
a building trust
a constructive process
a yawning trust
a constructive report
a constructive questionnaire
a constructive thought
a budding trust
a sacred trust
a constructive replication
a dynasty trust
a constructive response
a constructive statesman
a constructive attitude
a pervasive trust
a constructive path
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Justyna Jupowicz-Kozak
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