112:... the doctrines of purchaser without notice and constructive trusts are concerned with matters which differ in important respects. The former is concerned with the question whether a person takes property subject to or free from some equity. The latter is concerned with whether or not a person is to have imposed upon him the personal burdens and obligations of trusteeship. I do not see why one of the touchstones for determining the burdens on property should be the same as that for deciding whether to impose a personal obligation on a man. The cold calculus of constructive and imputed notice does not seem to me to be an appropriate instrument for deciding whether a man’s conscience is sufficiently affected for it to be right to bind him by the obligations of a constructive trustee...
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residue for the future tenth Duke absolutely. When the ninth Duke died in
February 1947 the trustees did not make the inventory, and released them to the tenth Duke. His solicitor knew that this was not following clause 14(B), but said in a letter on 15 November 1948 that he was free to sell the items. The Duke sold some. He died in 1977. The eleventh Duke brought a claim for breach of trust by failing to make any selection or an inventory of the chattels, and release them all to the tenth Duke, who was a constructive trustee when he received them.
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the Duke had received nothing as a constructive trustee. The touchstone of liability is unconscionability. There is a defence if one knows of a breach but genuinely forgets before receipt. One must have, at least, wilfully and recklessly failed to make inquiries that an honest person would. In his view there are some people who, though not sufficiently innocent to not be bona fide purchasers for value, they may not be sufficiently guilty or knowledgeable to be knowing recipients.
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There is no suggestion that anyone concerned in the matter was dishonest. There was a muddle, but however careless it was, it was an honest muddle. Further, I do not think that the Duke was at any relevant time conscious of the fact that he was not entitled to receive the chattels and deal with them
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held that the solicitor’s knowledge of clause 14(B) should not be imputed to the tenth Duke so as to affect his conscience. Even if the tenth Duke had known, he probably would not have remembered when he received the chattels. So although the trustees were in breach of their fiduciary duty in 1948,
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assigned his trustees, under clause 14, 'all articles of furniture plate pictures and other chattels' that he would be entitled to after the ninth Duke’s death, and under clause 14(B) the trustees should make an inventory of the chattels, which would be included in the settlement, and hold the
117:(5) Whether knowledge of the Baden types (iv) and (v) suffices for this purpose is at best doubtful; in my view, it does not, for I cannot see that the carelessness involved will normally amount to a want of probity.
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156:Knowing receipt cases
109:as beneficial owner…
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220:1 WLR 509
122:See also
93:Judgment
56:Keywords
48:Citation
291:UKPC 30
277:UKHL 28
261:UKHL 48
208:Ch 264
51:Ch 264
317:Notes
80:Facts
40:Court
349::
149:e
142:t
135:v
20:)
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