Constructive trust

Dictionary: 
Ballentine's Law Dictionary

Exists when property is purchased in the name of one, but the consideration is paid by another and such property will be held by the former in trust for the latter. See 97 Cal. 575, 33 Am. St. Rep. 209, 21 L. R. A. 33, 32 Pac. 579.

Author: 
James A. Ballentine
Publisher: 
The Bobbs-Merrill Company
Year Published: 
1916
Genre: 
Law Dictionary