91: Property acquired with notice of existing contract
The Trusts Act · Federal Acts · Chapter IX · in_force
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Where a person acquires property with notice that another person has entered into an existing contract affecting that property, of which specific performance could be enforced, the former must hold the property for the benefit of the latter to the extent necessary to give effect to the contract.
Effective date: 1882-03-01
Related sections
90: Advantage gained by qualified owner92: Purchase by person contracting to buy property to be held on trust89: Advantage gained by exercise of undue influence93: Advantage secretly gained by one of several compounding creditors88: Advantage gained by fiduciary94: Constructive trusts in cases not expressly provided for
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