86: Transfer pursuant to rescindable contract
The Trusts Act · Federal Acts · Chapter IX · in_force
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Where property is transferred in pursuance of a contract which is liable to rescission or induced by fraud or mistake, the transferee must, on receiving notice to that effect, hold the pro perty for the benefit of the transferor, subject to repayment by the latter of the consideration actually paid.
Effective date: 1882-03-01
Related sections
85: Bequest for illegal purpose Bequest of which revocation is prevented by coercion87: Debtor becoming creditor's representative84: Transfer for illegal purpose88: Advantage gained by fiduciary83: Trust incapable of execution or executed without exhausting trust property89: Advantage gained by exercise of undue influence
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