Civil Code Art. 1450: Implied Trusts

Statute: Civil Code
Article: Art. 1450
Topic: Implied Trusts
Book: BOOK IV Obligations and Contracts
Title: TITLE V TRUSTS
Chapter: CHAPTER 3 Implied Trusts
Year: 1949

The provision

If the price of a sale of property is loaned or paid by one person for the benefit of another and the conveyance is made to the lender or payor to secure the payment of the debt, a trust arises by operation of law in favor of the person to whom the money is loaned or for whom its is paid. The latter may redeem the property and compel a conveyance thereof to him.

Cases applying this article

Pedro Roman v. Andres Grimalt G.R. No. 2412
E. C. Mccullough v. R. Aenlle & Co. G.R. No. 1300

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