The Role of Intention in Relation to Resulting and Constructive Trusts Free Essay Example, 750 words

It is generally perceived that the common intention plays a significant role in the law of trusts like resulting and constructive trusts. At the same time better not waste the time in search of phantoms of common intention in the law of trusts for fulfilling the objective of social justice which needs a more practical approach. Hence the view of Gray and Gray that social justice can be better served by leaving the phantoms of common intention in the laws of trust is considered to be accurate (Gray and Gray, 2006). For analyzing this view, one has to thoroughly evaluate the meaning of laws of trust and positive factors for serving social justice. What is the meaning of resulting trust? A resulting trust may be defined as the form of an implied trust which occurs when a trust fails, either fully or partially, as a result of which the settlor becomes entitled to the assets. It is also stated as a situation where property "results" back to the transferor. In this context, the word 'resu lt' denotes "in the result, remains with", or to "revert". We will write a custom essay sample on The Role of Intention in Relation to Resulting and Constructive Trusts or any topic specifically for you Only $17.96 $11.86/page