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Recovery of Misappropriated Trust Money from Third Parties: Knowing Receipt and the Law of Restitution
Journal article   Open access

Recovery of Misappropriated Trust Money from Third Parties: Knowing Receipt and the Law of Restitution

Struan Scott
Otago Law Review, Vol.8, pp.467-487
1996
Handle:
https://hdl.handle.net/10523/8900

Abstract

Trust Law Law of Restitution Remedies
The ‘knowing receipt’ claim confers upon equitable owners of trust funds a remedy against some third party recipients of those funds. A problematic aspect of this remedy is what constitutes sufficient knowledge by the recipient to justify the use of the remedy. This article critically examines an argument advanced by Birks that this remedy is restitutionary in nature and, as such should result in strict liability.
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