In Re Morales Travel Agency, Bankrupt. Appeal of Eastern Air Lines, Inc

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a statement in IATA resolutions that travel agencies would hold amounts in “trust” for airlines, without imposing any other obligations, was inadequate to establish an express trust
• no fiduciary duty created where funds were not required to be segregated for special purposes
• travel agency holding proceeds of - ticket sales “in trust” for carrier not a trustee where the parties’ agreement lacked a provision requiring agent to hold funds separately or restricting their use

Source: CourtListener parenthetical corpus (CC0).