Springer v. Springer

Citations

• 114 Ill. 550
• 2 N.E. 527

Syllabus

<p>1. Besotting trust—when it arises—and in what proportion. Whera a party receives money of another, to be invested in the purchase of land, and pays out the same, with other money of his own, in a purchase, taking a deed in his own name, he will hold the land so acquired in trust for the person whose money he has so used, in the proportion it bears to the entire consideration paid.</p> <p>2. Laches—from what time to be computed—as against the establishment of a resulting trust. A party who takes a conveyance of land in his ■own name, partly paid for with the money of another placed in his hands, can. not set up as a defence to a bill to enforce a resulting trust, the laches •or delay of the complainant for the time he has admitted and recognized his equitable rights. Such defence will avail him only from the time he sets up •an adverse claim, and denies the complainant’s rights.</p>