Mulli v. Mulli

Holding

The court held that an oral agreement to hold real property in trust was enforceable despite the statute of frauds because the beneficiaries, with the trustee's consent, had made valuable improvements to the property in reliance on the trust, and that the action was not barred by the statute of limitations or laches as the trustee's repudiation of the trust occurred less than a year before the complaint was filed.