Corporate Law: Law principles and practice Types of trusts cont … Constructive trusts: arise out of the operation of law because it would be inequitable to allow a person to hold the property or interest for themself.
{"Image DocumentName": "Corporate Law: Law principles and practice", "Image ImageDescription": "Types of trusts cont \u2026 Constructive trusts: arise out of the operation of law because it would be inequitable to allow a person to hold the property or interest for themself. Constructive trusts can be used in the following situations: in de facto relationships. when there is a fiduciary relationship. when an outsider or stranger to a trust profits by getting involved in trust. when a stranger receives and deals with trust property in breach of trust. when vendors hold land as constructive trustee for the purchaser. Public and private trusts: can be for private individuals and or the benefit of the public.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}