The Tender For Law

Volume 3

Aug 31, 2013 10:29 PM

Derek Moran

TRUST: Legal rights that apply where one person holds and deals with property on behalf of or for the benefit of another person.

CONSTRUCTIVE Trust: A type of trust that may arise, where one person contributes, to the worth of another person's property. The court may find that it is a constructive trust, if the property owner is unjustly enriched, and the contributor receives no benefit. The effect of a constructive trust, is that the owner of the property, may have to hold the property, in trust for the contributor.

http://www.attorneygeneral.jus.gov.on.ca/english/glossary/?id=448