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This all encompassing article by McCormack reviews the state of play since the important decision in Westdeutsche Landesbank Girozentrale v Islington LBC [1996] 2 WLR 80. The author assesses a number of issues which have proved significant from this case. They include: the passing of property with respect to ultra vires contracts, the proprietary effect of mistake in contract, the prerequisites for a tracing claim and remedial constructive trusts are looked at, the author judging how they could be applied with English law. J.B.L. 1997, Jan, 48-71