Project Contact: British Columbia Law Institute
Telephone Number: (604) 822-0142
Email Us About this Project
This project concerns problems that arise from time to time when money belonging to two or more people is mingled in a single bank account. More specifically the project examines the rule in Clayton's Case, which raises a presumption that the sum first paid into the account is the sum first paid out.
Keywords: mingled; property; tracing; rule; Claytons Case; deposit; debt;
fiduciary; volunteer; beneficiary; trustee; mixed; credit; revolving; bank
account; joint account; proprietary; real; right; possessory; personal;
property; money; insolvency; FIFO
This website and its publications are not legal advice. Need legal assistance? Visit our Resources page.
Download document (442 KB)
Download document (69 KB)