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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebResulting TrustDefinition:A resulting trust is a legal concept where a trust is formed by operation of law to prevent unjust enrichment or preserve property for its rightful owner. It arises when a person holds legal title to property, but it was intended that the beneficial interest in the property should belong to someone else. Usage:As a Noun:1. The court recognized a resulting trust in favor of the deceased's children, as the property was purchased in their names but with funds provided by the deceased. 2. The evidence presented proved the existence of a resulting trust in the property, leading to the current legal dispute. As a Verb:1. The court ruled that the defendant had fraudulently acquired the property, resulting in a trust being imposed in favor of the true owner. 2. The property was transferred to the contractor but was held on a resulting trust for the homeowners until the project was completed. Related Products: | ||||
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