This case has been cited 2 times or more.
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2007-04-03 |
CHICO-NAZARIO, J. |
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| Registration of property by one person in his or her name, whether by mistake or fraud, the real owner being another person, impresses upon the title so acquired the character of a constructive trust for the real owner, which would justify an action for reconveyance.[34] This is based on Article 1465 of the Civil Code which states that:Art. 1465. If property acquired through mistakes or fraud, the person obtaining it is, by force of law, considered a trustee of an implied trust for benefit of the person from whom the property comes. | |||||
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2005-07-15 |
PANGANIBAN, J. |
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| An implied trust arises, not from any presumed intention of the parties, but by operation of law in order to satisfy the demands of justice and equity and to protect against unfair dealing or downright fraud.[46] Under Article 1456 of the new Civil Code, "if property is acquired through mistake or fraud, the person obtaining it is, by force of law, considered a trustee of an implied trust for the benefit of the person from whom the property comes." Although this provision is not retroactive in character, and thus inapplicable to the 1928 purchase, it merely expresses a rule already recognized by our courts prior to the effectivity of the Code.[47] | |||||