Civil Code Art. 1450: Implied Trusts

Statute: Civil Code
Article: Art. 1450
Topic: Implied Trusts
Status: In force
Book: BOOK IV Obligations and Contracts
Title: TITLE V TRUSTS
Chapter: CHAPTER 3 Implied Trusts
Year: 1949
Cited by: Multiple Supreme Court decisions

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
Imelda A. Nakpil v. Intermediate Appellate Court G.R. No. 74449
Kerr & Company, Ltd., Demandante-Apelante, Contra El Administrador De Rentas Internas, Demandado-Apelado G.R. No. 46667
Sps. Felipe v. Marciana P. Bajit G.R. No. 181844

Related provisions in this Chapter

Civil Code, Art. 1451 Implied Trusts
Civil Code, Art. 1448 Implied Trusts
Civil Code, Art. 1452 Implied Trusts
Civil Code, Art. 1447 Implied Trusts
Civil Code, Art. 1453 Implied Trusts
Civil Code, Art. 1454 Implied Trusts
Civil Code, Art. 1455 Implied Trusts

Civil Code, Art. 1450 is found in CHAPTER 3 Implied Trusts of TITLE V TRUSTS of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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