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the evidence in favour of a gift and against trust is absolutely conclusive… The lady had £500 to invest; she had already large sums of stock standing in her own name, besides other considerable property. Is it possible to reconcile with mental sanity the theory that she put £250 into the names of
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Mrs Baker bought two sums of stock. One was put in the names of herself and a young lodger called Mr Pascoe, who she treated like a grandson. The other was in her and her friend's name. It was argued by the executor, Fowkes, that when Mrs Baker died Pascoe held the stock on resulting trust.
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James LJ held that although a presumption of a resulting trust applied, it was rebutted on the facts, because plainly Mrs Baker intended to make a gift to Mr Pascoe.
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herself and her companion, and ÂŁ250 into the names of herself and , as trustees upon trust for herself? What trust - what object is there conceivable in doing this?
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310:Categories
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93:See also
79:Judgment
66:arises.
42:Keywords
34:Citation
266:UKHL 12
236:UKHL 20
222:UKHL 12
252:UKHL 4
192:UKHL 3
162:UKHL 3
293:Notes
70:Facts
26:Court
274:see
312::
120:e
113:t
106:v
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