Where a nominee company is appointed to acquire property on behalf of joint venturers without providing its own consideration, a presumed resulting trust may arise in favour of the joint venturers, even where no express trust has been declared and the parties have not agreed on the precise allocation of beneficial interests.
The full text is available to signed-in members, including the 51 later cases that cite this judgment.
4 of the 51 citing cases carry a classified treatment. How each court treated it is available to signed-in members.