000 01035cab a2200229 4500
001 ABS46508
008 090401t1992 xxu||||| |||| 00| 0 eng d
035 _a(Sirsi) u58600
041 _aeng
100 _aPowell-Smith, V.
245 _aRestistance doomed to failure
260 _c1992
350 _a0
490 _aContract Journal
_v363(5877) 11 June 1992, 45(1)
520 _aDiscusses 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".
650 _aBANK ACCOUNTS
650 _aCLAIMS
650 _aRETENTION MONIES
690 _aBUILT ENVIRONMENT-BUILDING CONTRACT FORMS
942 _n0
948 _c04/03/1997
999 _c35811
_d35811