Active Trust - Law Dictionary Search Results
Property
instruments evidencing title to, or interest in, such property or assets, and includes cash and bank account. [Unlawful Activities (Prevention) Act, 1967 (37 of 1967), s. 2(h)] Includes any property over which or the profits of which … wife any property to which she is entitled for an estate in remainder or reversion or as a trustee, executrix or administratix; and the date of the death of the testator or intestate shall be deemed to
Debt
a financial institution or by a consortium of banks or financial institutions during the course of any business activity undertaken by the bank or the financial institution or the consortium under any law for the time being … assignment is absolute and in writing, where express written notice of the assignment is given to the debtor, trustee, or other person from whom the assignor would have been entitled to claim such a debt [(English) Law
Office
By 'office' is meant the right and duty to exercise an employment or a position of authority and trust to which certain duties are attached, Shrilekha Vidyarthi Kumari v. State of U.P., AIR 1991 SC 537 (547): … Pradesh, AIR 1971 MP 88 (91). [M.P. Panchayats Act, (7 of 1962), ss. 20, 21, 22] Shifting of activities from office purpose to godown purpose is a change of use of premises, Goa Urban Coop. Bank v.
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Notice
the equities of both are equal, the purchaser should not be deprived of the advantage of his superior activity or diligence. And where he has merely the best right to call for the legal estate, he is … Property Act, 1925, sub tit. CONSTRUCTIVE NOTICE, and see LAW OF PROPERTY ACT; (Curtain). The doctrine of constructive trusts has also been narrowed down by the (English) Conveyancing Act, 1911, s.13, reproduced by the (English) Law of
Fraud
a contract with intent to deceive another. From dictionary meaning or even otherwise fraud arises out of deliberate active role of representator about a fact which he knows to be untrue yet he succeeds in misleading the … over others; such are transactions between parent and child, attorney and client, principal and agent, guardian and ward, trustee and cestui que trust, partners, etc. Others are of a mixed character, combining the ingredients of the preceding
Negligence
Sood, AIR 2001 SC 3660 (3665): (2001) 8 SCC 151. Negligence, has many manifestations ' it may be active negligence, collateral negligence, comparative negligence, concurrent negligence, continued negligence, criminal negligence, gross negligence, hazardous negligence, active and passive … claim to be compensated under this Sub-s. must cause some loss or injury to him, Consumer Unity & Trust Society v. Bank of Baroda, (1995) 2 SCC 150 (153). (ii) 'Negligence' is the omission to do something
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