A constructive trust is an equitable remedy resembling a trust imposed by a court to benefit a party that has been wrongfully deprived of its rights due to either a person obtaining or holding legal right to property which they should not possess due to unjust enrichment or interference.
Read more about Constructive Trust: Events Generating Constructive Trusts, Usefulness of Constructive Trusts
Famous quotes containing the words constructive and/or trust:
“Friendship among nations, as among individuals, calls for constructive efforts to muster the forces of humanity in order that an atmosphere of close understanding and cooperation may be cultivated.”
—Franklin D. Roosevelt (1882–1945)
“I trust the time is nigh when, with the universal assent of civilized people, all international differences shall be determined without resort to arms by the benignant processes of civilization.”
—Chester A. Arthur (1829–1886)