Trust

Published on May 2021 | Categories: Documents | Downloads: 0 | Comments: 0 | Views: 77
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 Art 1448 THERE IS AN IMPLIED TRUST WHEN PROPERTY IS SOLD,  A N D T H E L E G A L E S T A T E I S G R A N T E D T O O N E P A R T Y B U T THE PRICE IS PAID BY ANOTHER FOR THE PURPOSE OF HAVING THE BENEFICIAL INTEREST OF THE PROPERTY. THE FORMER IS THE TRUSTEE, WHILE THE LATTER IS THE BENEFICIARY. HOWEVER, IF THE PERSON TO WHOM TL HEEGT IT L EA T IS OF NV EY DNIES P AAC IL LE EG TF E T OH RE IL IT IM E ,CO TH EEO YH IN GDT, H PIRTIICM EAO SALE, NO TRUST IS IMPLIED BY LAW, IT BEING DISPUTABLY PRESUMED THAT THERE IS A GIFT IN FAVOR OF THE CHILD.

 

 Art 1449 THERE IS ALSO AN IMPLIED TRUST  W H E N A D O - N A T I O N I S M A D E T O A PERSON BUT IT APPEARS THAT  A L T H O U G H T H E L E G A L E S T A T E I S TRANSMITTED TO THE DONEE, HE NEVERTHE-LESS IS EITHER TO HAVE NO BENEFICIAL INTEREST OR ONLY  A P A R T T H E R E O F .

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