Fraudulent Conversion - Law Dictionary Search Results
Home Dictionary Name: fraudulent conversion Page 1 of about 4 results ( seconds)fraudulent conversion
fraudulent conversion : conversion committed with the intent of defrauding someone ...
conversion
conversion 1 a : the act of changing from one form or use to another b : the act of exchanging one kind of property for another ;esp : the act of exchanging preferred stocks or bonds for shares of common stock of the same company usually at a preset ratio or price and at a preset time equitable conversion : the constructive conversion of real property into personal property esp. as a result of a contract for sale of land or testamentary instructions to sell real estate and divide the proceeds NOTE: Equitable conversion is a legal fiction under which the seller of a real property becomes, upon the execution of a contract for the sale of the property, the owner of personal property in the form of legal title to the property that secures payment of the purchase price. The purchaser is deemed to be the holder of equitable title in and owner of the real property, having the rights and being subject to the liabilities that attend that status. In the case of a will in which a property ...
Expulsion
Expulsion, is the turning out the legal proprietor of an estate in reality before the termination of the estate, A Dictionary of Law, William C. Anderson, 1889, p. 57.Is forcing out, Webster American Dictionary, p. 410.In U.K., the House of Commons has the power to expel a member for (a) being in open rebellion, (b) being guilty of forgery, perjury, of frauds and breaches of trusts of misappropriation of public money, of conspiracy to defraud, of fraudulent conversion of property, of corruption in the administration of Justice or in public offices or in the execution of their duties as members of the House, of conduct unbecoming the character of an officer and a gentleman etc., Parliamentary Practice, Erskine May, 22nd Edn., 2001, p. 141.The House of Lords has the right, although absolute, to disqualify a peer from sitting in the House by its sentence when the offender has been tried and found guilty on impeachment. Such disqualifica-tion may be permanent or temporary and is removable ...
Gift
Gift. The old text-writers made a gift (donatio) a distinct species of deed, and describe it as a conveyance applicable to the creation of an estate-tail; while a feoffment they strictly confine to the creation of a fee simple estate. The operative verb was 'give,' which no longer implies any covenant in law (Real Property Act, 1845 (8 & 9 Vict. c. 106), s. 4), replaced by the Law of Property Act, 1925, s. 59(2), and the deed required livery of seisin. It is obsolete. See Jac. Law Dict.A gift is now understood to mean a mere voluntary assurance or transfer of property without any consideration being given for it. Such a transaction is apt to be very jealously scrutinized in a Court of Equity, and will be set aside on proof of undue influence (see that title), or of a fiduciary relationship of the donee to the donor, see Huguenin v. Baseley, (1806-8) 14 Ves 273; W. & T. L.C.; Morley v. Loughman, (1893) 1 Ch 736 (757); Lyon v. Home, (1868) LR 6 Eq 655. In the absence of any such objectio...
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