Restistance doomed to failure
Language: English Series: Contract Journal ; 363(5877) 11 June 1992, 45(1)Publication details: 1992Subject(s): Summary: Discusses the case "Wates Construction London Ltd v Franthom Property Ltd" (Abs44353) which gives clear authority for the view that the employer is trustee of retention monies for the contractor as beneficiary. It was a breach of trust for the trustee to use the trust fund in its own business. Compares with two other retention cases "JF Finnegan Ltd v Ford Sellar Morris Developments Ltd (No 1)" (Abs44625) and "MacJordan Construction Ltd v Brookmount Erostin Ltd".| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS46508 (Browse shelf(Opens below)) | 1 | Available | 58600-1001 |
Discusses the case "Wates Construction London Ltd v Franthom Property Ltd" (Abs44353) which gives clear authority for the view that the employer is trustee of retention monies for the contractor as beneficiary. It was a breach of trust for the trustee to use the trust fund in its own business. Compares with two other retention cases "JF Finnegan Ltd v Ford Sellar Morris Developments Ltd (No 1)" (Abs44625) and "MacJordan Construction Ltd v Brookmount Erostin Ltd".