Re Goldcorp Exchange [1995]

Similar facts to Re
London Wine
but involved precious metal dealer.
Privy Council approved Re London Wine.
Lord Mustill affirmed that a right in property,
whether legal or equitable, could not hover over an undifferentiated mass of
property.
Can only exist in relation to specifically identified
property.
[Will please fusion theorists: insists upon one set of
‘certainty of subject matter’ rules for both transfer of legal titles and
creation of equitable titles.]