Wise v. Raynor

In Perry on Trusts and Trustees, Yol. 1, 7th ed. (1929), part sec. 126, p. 186, speaking to the subject of resulting trusts, *569citing a wealth of authorities, we find: “Where, upon a purchase of property, the conveyance of the legal title is taken in the name of one person, while the consideration or a part of it is given or paid by another, not in the way of a loan to the grantee, the parties being strangers to each other, a resulting trust immediately arises from the transaction (unless it would be enforcing a fraud to raise a resulting trust), and the person named in the conveyance will be a…