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Steinberger v. Steinberger
California Court of Appeal
140 P.2d 31 (1943)
William Steinberger, along with his nephew, Earle Steinberger (plaintiff), and another relative each owned one-third of a piece of property. William and Earle had a close relationship. When Earle decided to travel away from the family property, William and Earle orally agreed that William would take care of Earle’s interest in the property, in trust, until Earle asked for its return. Earle then signed a deed transferring his one-third interest to William. After William’s death, Earle asked William’s estate (defendant) to return Earle’s one-third interest. However, because the trust agreement was not in writing, the estate refused. Earle sued. The trial court found that an oral trust agreement existed, that William and Earle had a confidential relationship, and that the estate was required to return Earle’s property interest. The estate appealed.
Rule of Law
Holding and Reasoning (Peters, J.)
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