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#equity #law #tracing
Deposit accounts
The general rule is that the two funds share the mixture in the account rateably: Re Diplock’s Estate, applying Sinclair v Brougham [1914] AC 348.
Payments out of the account will also be shared rateably. For example, if trust A’s contribution to the mixed fund was £30,000 and trust B’s was £10,000 and £20,000 is withdrawn to buy a car, Trust A will own three quarters of the car and trust B will own one quarter.
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