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Bankers Sec. Life Ins. Society v. Shakerdge, Shakerdge

Court of Appeals of the State of New York
Apr 22, 1980
49 N.Y.2d 939 (N.Y. 1980)

Summary

holding that statements by the titleholder that he would "do the right thing" and "take care of" the decedent's wife and child, "though perhaps evidencing some moral obligation, [could not] be taken to mean that [the titleholder] was bound to fulfill the expressed intention"

Summary of this case from Jaffer v. Hirji

Opinion

Argued March 20, 1980

Decided April 22, 1980

Appeal from the Appellate Division of the Supreme Court in the First Judicial Department, HILDA G. SCHWARTZ, J.

Lester Lichter for appellant.

Jay F. Gordon, Perry S. Galler and Ray Beckerman for respondent.


MEMORANDUM.

The order of the Appellate Division should be affirmed.

In general, though as an equitable doctrine its application to particular circumstances is susceptible of some flexibility, to establish a constructive trust there must be provided: (1) a confidential or fiduciary relation, (2) a promise, express or implied, (3) a transfer made in reliance on that promise, and (4) unjust enrichment (Simonds v Simonds, 45 N.Y.2d 233, 241-242; Sharp v Kosmalski, 40 N.Y.2d 119, 121). On the record here, the only showing that any promise had been made would have to be culled from several remarks made by the decedent's brother Abraham. These, in the form of statements to Joseph and his wife, in the main after the former's death, went no further than to assert that he would "do the right thing" and "take care of" decedent's wife and child. These expressions, though perhaps evidencing some moral obligation, cannot be taken to mean that Abraham was bound to fulfill the expressed intention by applying to that purpose the proceeds of the two insurance policies on which, without interruption, he had been the beneficiary from the time they were written more than a decade earlier. Moreover, the statements contained no reference to the policies. Inasmuch as the constructive trust doctrine serves as a "fraud-rectifying" remedy rather than an "intent-enforcing" one, without more, the circumstances offered by the decedent's widow were insufficient to establish the promissory element which is essential to the proof of such a trust (Matter of Wells, 36 A.D.2d 471, 474-475 [GABRIELLI, J.], affd 29 N.Y.2d 931).

Chief Judge COOKE and Judges JASEN, GABRIELLI, JONES, WACHTLER, FUCHSBERG and MEYER concur.

Order affirmed, with costs, in a memorandum.


Summaries of

Bankers Sec. Life Ins. Society v. Shakerdge, Shakerdge

Court of Appeals of the State of New York
Apr 22, 1980
49 N.Y.2d 939 (N.Y. 1980)

holding that statements by the titleholder that he would "do the right thing" and "take care of" the decedent's wife and child, "though perhaps evidencing some moral obligation, [could not] be taken to mean that [the titleholder] was bound to fulfill the expressed intention"

Summary of this case from Jaffer v. Hirji
Case details for

Bankers Sec. Life Ins. Society v. Shakerdge, Shakerdge

Case Details

Full title:BANKERS SECURITY LIFE INSURANCE SOCIETY, Plaintiff, v. MARGARETA…

Court:Court of Appeals of the State of New York

Date published: Apr 22, 1980

Citations

49 N.Y.2d 939 (N.Y. 1980)
428 N.Y.S.2d 623
406 N.E.2d 440

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