Incidental Beneficiary - Law Dictionary Search Results
incidental beneficiary
Matched in: Term incidental beneficiary
beneficiary
Matched in: Term beneficiary
Trust for sale
for sale [s. 28 (1)]. Sub-s. (2) (ibid.) provides for the destination of rents and profits until sale, incidentally overruling Howe v. Lord Dartmouth, ubi sup., where that case would be applicable but without affecting the rule … and well-drawn wills. The effect was to convert realty into personalty so that the proceeds devolved upon the beneficiaries as personalty unless they elected to take the property as realty (see CONVERSION), except that upon a lapse
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Consideration
a consideration for the promise. [Indian Contract Act, 1872 (9 of 1872), s. 2(d)] Consideration does not mean incidental or collateral examination of any matter by the Income-tax Officer in the process of assessment. There must be … open to the grantor to prove that the consideration was merely nominal. The consideration of marriage covers all beneficiaries within the consideration, that is to say, the children of the marriage. It is not the same as
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