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:
“The desert is a natural extension of the inner silence of the body. If humanity’s language, technology, and buildings are an extension of its constructive faculties, the desert alone is an extension of its capacity for absence, the ideal schema of humanity’s disappearance.”
—Jean Baudrillard (b. 1929)
“We must trust infinitely to the beneficent necessity which shines through all laws. Human nature expresses itself in them as characteristically as in statues, or songs, or railroads, and an abstract of the codes of nations would be an abstract of the common conscience.”
—Ralph Waldo Emerson (1803–1882)