Duncan v. Rayfield

FLANIGAN, Judge.

The issue is whether the trial court erred in holding that a resulting trust arose in favor of respondent Duncan Brothers, Inc., a Missouri corporation, (“the corporation”), with respect to a tract of land, of approximately 453 acres, in Wayne County. Appellant is Lorene Duncan, (“Lorene”), now Lorene Duncan Lovelace, who on October 1, 1970, obtained record title, as a tenant in common, to an undivided xk interest in approximately 460 acres of land in Wayne County. This tract, referred to in the record as the “Rayfield property,” will be referred to as “Tract A” in this…