Downs v. Mooney

This is an appeal from a decree of the circuit court of Cook county in favor of appellee, William Downs, upon his bill in chancery to declare a resulting trust in certain real estate located in Chicago the title to which was in appellant, Gerald F. Mooney.

The bill alleges that the entire purchase price for the property was paid by appellee and title taken in the name of appellant as a matter of convenience, and that by operation of law a resulting trust was created under which appellee became the equitable owner of the premises and appellant the holder of the mere naked legal title thereto as…