United Kingdom

Barclays Bank Ltd v Quistclose Investments Ltd

[1970] AC 567

JurisdictionUnited Kingdom

Year1970

Statusunclear

Key Principle

Where money is lent for a specific purpose, and that purpose fails, the borrower holds the money on a resulting trust for the lender (the Quistclose trust).

Area of Law

banking

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AUSTRAC v Commonwealth Bank of Australia [2018] FCA 930

Paciocco v ANZ Banking Group Ltd (Full Federal Court) (2015) 236 FCR 199

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