Beneficial Use - Law Dictionary Search Results

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Equitable estates and interests

trust, but the rights and obligations of beneficial ownership became recognized and affected by statute. The Statute of Uses turned the beneficial right or use in real estate into the legal estate, although the statute did not … to the property, and he alone was responsible for the obligations and incidents attaching to the property, the beneficial owner merely having a personal right inequity to force the legal owner to carry out his obligation or

Uses

its nature equitable, as such; it may be defined to have been a right in Chancery to the beneficial ownership of property, the possession of which had been confided to another. The Court of Chancery, although without … Uses (History). A use is the intention or purpose, express or implied, upon which property is to be held.

Property

an encyclopedic lexicon of the English language, as follows: the right to the use of enjoyment or the beneficial right of disposal of anything that can be the subject of ownership; ownership, estate; especially ownership of tangible

interest

a right, title, claim, or share in property Article Nine security interest : security interest in this entry beneficial interest : the right to the use and benefit of property [a beneficial interest in the trust] contingent

Consideration

divest himself of the beneficial ownership. Before 1926 in the absence of consideration in plying or raising a use or of any declaration of a use or of a trust, a resulting use or trust would be … intends his promise to be binding on him, or (b) that he intends to divest himself of a beneficial interest in property. In its widest sense consideration is the price, motive or inducement for a promise or

Feoffee to uses

the Statute of Uses, the legal seisin or feudal tenancy of the land was vested, the substantial and beneficial ownership or use being in the cestui qui use. The statute put an end to the estate of

Pawn or Pledge

milk, and ride the horse by way of recompense for the keeping. (4) If the use will be beneficial to the pawn, or it is indifferent there it seems that the pawnee may use it. (5) if

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