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trust
constitute the principal of the trust, and delivery of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all of these characteristics, however. Trusts are often created
Power
the execution of the power, but equity will compel the person seised of it to clothe the estate created with the legal right. Powers deriving their effect from the Statute of Uses are either given to a
Tail
prune]. An estate-tail was formerly a freehold of inheritance and is now an equitable interest which may be created after 1925 in respect of personalty as well as realty by way of trust and which (if not
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Land charge
and Searches Act, 1888 (51 & 52 Vict. c. 51), by s. 12 of which a 'land charge,' created after the commencement of that Act-i.e., after 1st January, 1889-is void against a purchaser for value of the
Trust
2 Crimes 947 (All). Trust, is a trust for public purposes, the substances and primary intention of the creator must be seen, Shabbir Husain v. Ashiq Husain, AIR 1929 Oudh 225. Trust, is an obligation annexed to
agency
also express agency and implied agency in this entry agency by estoppel : an agency that is not created as an actual agency by a principal and an agent but that is imposed by law when a
Possibility on a possibility
It gave rise, however, to the rule, now well settled in regard to limitations and trusts of realty created by instruments coming into operation before 1926, but abolished in regard to those created by instruments coming into
contract
from com- with, together + trahere to draw] 1 : an agreement between two or more parties that creates in each party a duty to do or not do something and a right to performance of the
interest
than a remainder or reversion that may take effect upon the divesting of a prior interest or one created simultaneously NOTE: Unlike a remainder, an executory interest does not require the expiration of a prior interest. It
Annuity
hand, a limitation of a personal annuity to A. and the heirs of his body was ineffectual to create and estate tail, and passed an absolute interest conditional only upon an heir of the body being born.
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