Where property has passed at law, but mistake has prevented it from passing in equity1, or rescission has revested full equitable ownership in the transferor2, the transferor as equitable owner may demand that the transferee recover the legal ownership to him or as he may direct3. The transferee is not, however, to be regarded as a trustee for the transferor until he has such notice of the true facts as would affect his conscience4. The transferor may trace his property into
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