Implied Trusts - Law Dictionary Search Results
Implied trusts
Matched in: Term Implied trusts
implied trust
Matched in: Term implied trust
trust
be distributed and principal may be distributed compare simple trust in this entry constructive trust 1 : an implied trust imposed by a court to prevent the unjust enrichment of one who has wrongfully obtained (as through … such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and
Keep your definitions linked to case research
Trust
person has a prior right to the property or some part or interest in it in equity. (b) Implied trusts which arise under similar con-ditions, out of some special relationship between the parties by contract or otherwise. (c)
Consideration
advantage, or any labour detriment or inconvenience sustained or suffered by the promisee at the request, express or implied, of the promisor. See Laythoarp v. Bryant, 3 Scott 250; 2 Wms. Saund 137 h; Currie v. Misa, … 2 Co Rep 56b and 58b] in favour of the grantor, see also Norton on Deeds, ch. Resulting Trusts. This implication has been removed, in regard to deeds executed after 1925 by the Law of Property Act,
Uses
Resulting; (2) Implied. II. Future or executory, distributable into: (a) Shifting or secondary; (b) Springing; (c) Contingent. See TRUSTS. Objections to uses before the Statute:- 'Though these uses' (see Gilbert, Uses, c. 1, s. 8) 'had a … Uses (History). A use is the intention or purpose, express or implied, upon which property is to be held. The Common Law treated the actual possessor for all purposes as
Bailment
'delivery of a thing in trust for some special object or person, and upon a contract express or implied, to conform to the object or purpose of the trust.' In the celebrated case of Coggs v. Bernard, … expression to signify a contract resulting from delivery; perhaps best defined as a 'delivery of a thing in trust for some special object or person, and upon a contract express or implied, to conform to the object
Declaration of trust
thereunto lawfully authorized in writing or by will; (2) this section does not affect the creation of resulting, implied or constructive trusts. It appears that this statute does not extend to the declaration or creation of trusts
Involve
envelop; to contain or imply'. The activity for profit must, therefore, be intertwined or wrapped up with or implied in the purpose of the trust or institution or in other words it must be an integral part … does not necessitate the bringing out of the profit motive of an activity expressly in the deed of trust, Sole Trustee Loka Sikshana Trust v. Commissioner of Income Tax, AIR 1976 SC 10 (24): (1976) 1 SCC
Resulting trust
provides that in a voluntary conveyance executed after 1925, a resulting trust for the grantor will not be implied merely because the property is not expressed to be conveyed for the benefit of the grantee; (2) where … Resulting trust, a trust created by operation of law. Resulting trusts are of two kinds: (1) Where an owner of property makes a disposition of the legal estate and
- ‹ Prev
- 2
- 3
- 4
- 5
- Next ›
- Last »
Try the research workspace - 7 days free