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.
Definition of Constructive Trust
Advertisement
Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
-
Ballentine's Law Dictionary