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About: Barclays Bank Ltd v Quistclose Investments Ltd     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Volition105652593, within Data Space : dbpedia.org associated with source document(s)

Type: yago:WikicatLordWilberforceCasesyago:WikicatWillsAndTrustsInTheUnitedKingdomyago:Ability105616246yago:Abstraction100002137yago:Case107308889yago:Cognition100023271yago:Event100029378yago:Faculty105650329yago:Happening107283608yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntitybuildingyago:Volition105652593 New Facet based on Instances of this Class

Barclays Bank Ltd v Quistclose Investments Ltd [1968] UKHL 4 (sub nom Quistclose Investments Ltd v Rolls Razor Ltd) is a leading property, unjust enrichment and trusts case, which invented a new species of proprietary interest in English law. A "Quistclose trust" arises when an asset is given to somebody for a specific purpose and if, for whatever reason, the purpose for the transfer fails, the transferor may take back the asset.