Constructive trust
Okay kiddo, let's imagine you and your friend are playing with your favorite toy. Suddenly, your friend grabs it and won't give it back to you.
Now, you know that the toy belongs to you, but your friend is not being fair by keeping it. This is similar to what happens with a constructive trust.
A constructive trust can happen when one person unfairly takes something that belongs to someone else, and the court decides that they must hold onto it for the rightful owner.
For example, let's say your uncle promised to give you his car when you turn 18. But when you finally come of age, he sells it to someone else instead of giving it to you. That's not fair, right?
A court may then decide to impose a constructive trust on your uncle, which means he has to hold onto the money earned from selling the car for you.
In simpler terms, a constructive trust is a way to make sure that people who unfairly take things from others, must give them back or hold onto them for the rightful owner.
Now, you know that the toy belongs to you, but your friend is not being fair by keeping it. This is similar to what happens with a constructive trust.
A constructive trust can happen when one person unfairly takes something that belongs to someone else, and the court decides that they must hold onto it for the rightful owner.
For example, let's say your uncle promised to give you his car when you turn 18. But when you finally come of age, he sells it to someone else instead of giving it to you. That's not fair, right?
A court may then decide to impose a constructive trust on your uncle, which means he has to hold onto the money earned from selling the car for you.
In simpler terms, a constructive trust is a way to make sure that people who unfairly take things from others, must give them back or hold onto them for the rightful owner.
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