Read the full judgment text of DCCJ 2533/2008 on BabelCite. This District Court judgment was delivered on 4 October 2010 before Her Honour Judge H.C. Wong.
Civil law – Trusts – Resulting trust – Presumption of advancement – Bona fide purchaser for value – Breach of trust – Counterclaim – Renovation costs – Gambling debts – Property transfer – Grandmother to grandson – Husband to wife – Declaration of trust – Assignment of property – Costs – District Court – Whether presumption of advancement applies between grandmother and grandson – Whether 2nd Defendant was bona fide purchaser for value – Whether 2nd Defendant entitled to renovation costs and loan repayment – Resulting trust found in favour of 1st Plaintiff; 2nd Defendant ordered to execute assignment; 2nd Defendant awarded renovation costs and loan repayment from 1st Defendant; Costs to follow event.
Legal issues: Presumption of advancement and resulting trust · Bona fide purchaser for value · Counterclaim for costs and loan
Outcome: Plaintiffs' claim allowed; 1st Defendant guilty of breach of trust; 2nd Defendant ordered to execute assignment; 2nd Defendant's counterclaim allowed.
Cites 1 case