Maykus v. First City Realty and Financial Corp.

GUITTARD, Justice.

First City Realty and Financial Corporation sued Frank J. Maykus, Jr., to impose a constructive trust on a tract of land which Maykus allegedly agreed to acquire for First City’s benefit, but, instead, purchased for his own account. After a jury trial, the court imposed a constructive trust and required defendant Maykus to convey the land to First City on reimbursement of his expenditures. Maykus appeals.

Affirming the judgment, we hold (1) that the letter agreement on which First City sued was effective to create a confidential relationship even though it left the details of…