Product Of Theft
The remedy of constructive trust applies to PERSONAL PROPERTY that is stolen or misappropriated and used to purchase other property in the name of the perpetrator. A constructive trust in favor of the aggrieved party can be imposed on such property, so long as it remains in the hands of the wrongdoer or any person to whom the wrongdoer transfers it who is not a bona fide purchaser. In order to facilitate the unimpeded flow of commercial transactions, bona fide purchasers are not subject to the application of a constructive trust.
- Constructive Trust - Further Readings
- Constructive Trust - Statute Of Frauds
- Other Free Encyclopedias
Law Library - American Law and Legal InformationFree Legal Encyclopedia: Constituency to CosignerConstructive Trust - Mistake, Undue Influence, Or Duress, Fraudulent Misrepresentation Or Concealment, Property Obtained By Homicide