판결 이유
A gift of shares may be treated as complete in equity where it would be unconscionable for the donor to recall the gift, even if the donor has not done everything in their power to transfer legal title.
사실관계
Ada Crampton wished to give shares to her nephew Harold. She signed a transfer form which was given to her agent but never delivered to the company or Harold.
판결 요약
The Court of Appeal held the gift was effective. It would have been unconscionable for Ada to resile given her clear intention and Harold's reliance in becoming a director.
주요 인용문
"There is a benevolent construction given to share transfers where the donor has clearly shown an intention to make a gift and it would be unconscionable to recall it."
— Arden LJ
후속 처리
Controversial extension of Re Rose; criticised by some academics but remains binding.