- Statute
- Civil Code
- Article
- Art. 1452
- 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 two or more persons agree to purchase property and by common consent the legal title is taken in the name of one of them for the benefit of all, a trust is created by force of law in favor of the others in proportion to the interest of each.
Intellegal Wiki · In plain terms
When two or more people agree to buy property together and, by common consent, put the title in just one buyer's name for everyone's benefit, the law automatically creates a trust. The named titleholder holds the property in trust for the others, each according to their share of the interest.
An editorially maintained plain-language explanation of this provision — not legal advice.
Cases applying this article
- Pedro Roman v. Andres Grimalt G.R. No. 2412
- Miguel J. Ossorio Pension Foundation v. Court of Appeals G.R. No. 162175
Related provisions in this Chapter
Browse the Civil Code
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