Page 357 - Important Provisions of The New Civil Code

Article 1448. There is an implied trust when

property is sold, and the legal estate is granted

to one party but the price is paid by another for

the purpose of having the beneficial interest of

the property. The former is the trustee, while

the latter is the beneficiary. However, if the

person to whom the title is conveyed is a child,

legitimate or illegitimate, of the one paying the

price of the sale, no trust is implied by law, it

being disputably presumed that there is a gift

in favor of the child.

Article 1449. There is also an implied trust when

a donation is made to a person but it appears

that although the legal estate is transmitted to

the donee, he nevertheless is either to have no

beneficial interest or only a part thereof.