A person may be treated as the controlling mind of a company for the purposes of specific transactions, even if they are not a director, where they orchestrate and manage those transactions and the directors defer to them. Knowledge of a person attributed to a company for the purpose of particular transactions is not negated by the person subsequently withdrawing to an administrative role. Where funds are advanced as loans rather than capital contributions to a property purchase, no purchase money resulting trust arises in favour of the lender. The question of whether indefeasibility of title under the Torrens system defeats a knowing receipt claim was expressly left open.
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