Beatty v. Guggenheim Exploration Co.
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Beatty v. Guggenheim Exploration Co. 225 N.Y. 380 (1919) is a New York state law case, concerning the test for the imposition of a constructive trust. It is best known for a quote from the leading opinion by Justice Cardozo.[1]
The constructive trust is the formula through which the conscience of equity finds expression. When property has been acquired in such circumstances that the holder of the legal title may not in good conscience retain the beneficial interest, equity converts him into a trustee.
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Quick Facts Beatty v. Guggenheim Exploration Co., Court ...
Beatty v. Guggenheim Exploration Co. | |
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Court | New York Court of Appeals |
Full case name | Alfred C. Beatty v Guggenheim Exploration Company et al |
Decided | 28 January 1919 |
Court membership | |
Chief judge | Hiscock Ch J |
Associate judges | Chase J, Collin J and Crane J concurred. Cuddeback J and Hogan J dissented, favouring a new trial. |
Case opinions | |
Majority | Hiscock, joined by Chase, Collin, Crane |
Dissent | Cuddeback, joined by Hogan |
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