Constructive Trust - Law Dictionary Search Results
Joint-tenancy
or for purposes of speculation, to two or more persons in the same right, either simply, or by construction or operation of law jointly, with a jus accrescendi, that is, a gradual concentration of property from more … title to the whole estate without the concurrence of other parties. that legal estate has been vested in trustees for sale as joint-tenants in the following cases, in joint-tenancy, estates in common or undivided shares, and coparceners;
Annuity
definite amount in the purchase of an annuity. If there is only a power as distinguished from a trust to purchase an annuity, the annuitant's right to the capital value only arises upon or after the trustees … source of payment is mixed and consists of real and personal estate, its nature will depend upon the construction which the Court will give to the grant. In a will an annuity of this kind in prima
Dower
of appointment, to him for life, and on the determina-tion of his estate in his lifetime, to a trustee and his heirs for the life of the purchaser in trust for him, and on the determination of … committee or receiver was discharged, see (English) A.E. Act, 1925, ss. 45(1)(c) and 51 (2), or in the construction of equitable interests under s. 130, (English) Law of Property Act, 1925, as an entailed interest according to
Keep your definitions linked to case research
Covenant
a covenant, for any words or form of expression which import an agreement will suffice [Re De Ros' Trust, (1885) 31 Ch D 88]. A covenant to do a thing which upon the face of it appears … made the covenantee. A covenant being part of a deed is subject to the general rules for the construction of such instruents; as, first, to be always taken most strongly against the covenanter and most in favour
cy pres
the interpretation of instruments as nearly as possible in conformity with the intention of the testator when literal construction is illegal, impracticable, or impossible adv : in accordance with the rule of cy pres … cy pres [Anglo-French, as near (as possible)] : a rule in the law of trusts and estates that provides for the interpretation of instruments as nearly as possible in conformity with the intention
Originating summons
in the Chancery Division for the determination of particular questions arising in the administration of an estate or trust, without the administration of the whole estate or trust; for settling questions between vendors and purchasers (see VENDOR … vendors and purchasers (see VENDOR AND PURCHASER SUMMONS); for foreclosure or redemption of mortgages; for determining questions of construction of a written instrument, and for numerous other purposes; see R.S.C. 1883, Ords. LIV. LIVA., LIVB., LIVC., and
deposit
loan for use at loan NOTE: Like the common-law bailment, the civil law deposit requires either actual or constructive delivery. necessary deposit : a deposit compelled by a sudden emergency NOTE: The Louisiana Civil Code deems the … 1 : the state of being deposited (as in an account) [holding the property on ] compare escrow, trust 2 : something placed for safekeeping: as a : money deposited in a bank esp. to one's credit
Person
endowed only with the status or capacity conferred by the charter or statute of incorporation, see CORPORA-TION; COMPANY; TRUST CORPORATION. It does not include a body of persons. [Representation of the People Act, 1950 (43 of 1950), … in Order 30 Rule 10 of Code of Criminal Procedure does not include a company because such a construction will be repugnant to the context, Modi Vanaspati Manufacturing Company v. Katihar Jute Mills (P) Ltd., AIR 1969
Maintenance
'requiring the maintenance in mines' of 'suitable rooms' must surely include, where there are no such rooms, their construction and then their maintenance, State v. Kunja Behari Chandra, AIR 1954 Pat 371. Means to preserve or to … if they are entitled to the intermediate income or otherwise as provided under settlements created after 1925, see Trustee Act, 1925, s. 31, reproducing and extending the Conveyancing Act, 1881, s. 43, and Re Raine, (1929) 1
interest
entry beneficial interest : the right to the use and benefit of property [a beneficial interest in the trust] contingent interest : a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future … it is paid on debt that is secured by one's residence and that was incurred for the acquisition, construction, improvement, or refinancing of the residence or through a home equity loan sim·ple interest : interest computed on
- ‹ Prev
- 1
- 2
- 3
- Next ›
Try the research workspace - 7 days free