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:
“If grandparents want to have a meaningful and constructive role, the first lesson they must learn is that becoming a grandparent is not having a second chance at parenthood!”
—Eda Le Shan (20th century)
“To my fancy, one looks back on life, it has only two responsibilities, which include all the others: one is the bringing of new life into existence; the other, educating it after it is brought in. All betrayals of trust result from these original sins.”
—Henry Brooks Adams (1838–1918)