This section is from the book "Popular Law Library Vol7 Equity Jurisprudence, Trusts, Equity Pleading", by Albert H. Putney. Also available from Amazon: Popular Law-Dictionary.
Under this maxim where a person, owing a certain obligation, does an act which may, or may not, have been intended as a fulfillment of such obligation, equity will presume that it was so intended. The application of this doctrine is almost entirely confined to the case of resulting trusts.
 
Continue to: