If the wrongdoer has used trust funds to purchase other property, the claimant has a choice of remedies
Answer
Re Hallett’s Estate (1880) 13 Ch D 696
Tags
#equity #law #tracing
Question
If the wrongdoer has used trust funds to purchase other property, the claimant has a choice of remedies
Answer
?
Tags
#equity #law #tracing
Question
If the wrongdoer has used trust funds to purchase other property, the claimant has a choice of remedies
Answer
Re Hallett’s Estate (1880) 13 Ch D 696
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Parent (intermediate) annotation
Open it If trust property has been kept separate, it can be reclaimed.
If it has been sold, the beneficiaries can trace into and claim the proceeds of sale.
If the wrongdoer has used trust funds to purchase other property, the claimant has a choice of remedies. In Re Hallett’s Estate (1880) 13 Ch D 696, it was held that the claimant may elect either to take the property or to have a charge over the property for the amount of his money expende
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