The plaintiff corporation, solely owned by the daughter of the deceased, brought an action against the deceased's estate to recover $1,070,000.
The deceased had incorporated the plaintiff to purchase a commercial property for his daughter.
After the property was sold for a profit, the deceased withdrew the funds from the plaintiff's bank account for his own use.
The estate argued the plaintiff was a bare trustee and the deceased was the beneficial owner.
The court found no documentary or credible testimonial evidence of a trust, concluding the corporation and its funds belonged entirely to the daughter.
Judgment was granted to the plaintiff for the full amount taken.