''Beatty v. Guggenheim Exploration Co.''
225 N.Y. 380 (1919) is a
New York state
New York, also called New York State, is a state in the northeastern United States. Bordered by New England to the east, Canada to the north, and Pennsylvania and New Jersey to the south, its territory extends into both the Atlantic Ocean and ...
law case, concerning the test for the imposition of a
constructive trust
In trust law, a constructive trust is an equitable remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to either a person obtaining or holding a legal property right which they should not possess ...
. It is best known for a quote from the leading opinion by
Justice Cardozo.
[(1919) 225 NY 380, 386]
Facts
Judgment
Cardozo J gave the following judgment.
Hiscock Ch J, Chase J, Collin J and Crane J concurred.
Cuddeback J and Hogan J dissented, favouring a new trial.
See also
*
US trusts law
United States trust law is the body of law that regulates the legal instrument for holding wealth known as a trust.
Most of the law regulating the creation and administration of trusts in the United States is now statutory at the state level. In ...
*
English trusts law
English trust law concerns the protection of assets, usually when they are held by one party for another's benefit. Trust law, Trusts were a creation of the English law of English property law, property and English contract law, obligations, a ...
*''
Meinhard v. Salmon
''Meinhard v. Salmon'', 164 N.E. 545 (N.Y. 1928), is a widely cited case in which the New York Court of Appeals held that partners in a business owe fiduciary duties to one another where a business opportunity arises during the course of the ...
'', 164 N.E. 545 (N.Y. 1928)
Notes
{{Reflist, 2
References
Full text of court opinion
1919 in United States case law
New York state case law
United States trusts case law
1919 in New York (state)