Ramsay v Larsen

The case of *Ramsay v Larsen* concerned a dispute between the plaintiff, Ramsay, and the defendant, Larsen, regarding the ownership of certain shares. The matter came before the High Court of Australia.

The central legal issues before the High Court were whether the plaintiff had established a resulting trust over the shares in question, and if so, whether the defendant had subsequently acquired good title to those shares. The court was required to consider the principles governing the creation and extinguishment of resulting trusts, particularly in the context of share transfers and the intention of the parties.

The High Court held that the plaintiff had failed to establish a resulting trust over the shares. Their Honours reasoned that the evidence did not support the inference that the shares were purchased with the plaintiff's money with the intention that the beneficial interest would remain with the plaintiff. Instead, the court found that the circumstances indicated an intention for the legal and beneficial ownership to pass to the defendant. Consequently, the defendant was deemed to have acquired good title to the shares.