Limited Executor - Law Dictionary Search Results
Condition
connection with personal obligations to distinguish one kind of obligation from another in the same transaction and to limit property. In their primary meaning, conditions precedent are events, but for the happening of which, rights will not … is that an illegal or impossible condition will, as a rule and excepting bequests of personalty (Williams on Executors), avoid the obligation which has been entered into, or the estate which has been granted subject to the
Magna Carta
from time to time been necessary and expedient to give to justices and local magistrates jurisdiction to a limited extent in dealing with crimes and quasi criminal matters. This jurisdiction is of two kinds:-(1) Relating to indictable … be taken away, until we be clearly paid off the debt, and the residue shall remain to the executor to perform the testament of the dead, and if nothing be owing unto us, all the chattels shall
Covenant
of the parties; thirdly, to be construed ut res magis valeat quam pereat; fourthy, when no time is limited for its performance, that it be performed in a reasonable time. Covenants are personal obligations; formerly the did … the persons deriving title undr him or them, s. 79, ibid. It is no longer necessary that heirs, executors, administrators and assigns should be referred to in the framing of covenants. Covenants by a person with himself
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Rent
qualification was abolished by the Representation of the People Act, 1884, s. 4. As to the period of limitation after which the right of recovering a rent-charge is barred, see Shaw v. Crompton, (1910) 2 KB 370. … v. Arthur, (1907) 1 KB 10; and see Woodfall, L. & T. Rent in arrear due by the executors of a tenant was, before 32 & 33 Vict. c. 46, of a higher degree than simple contract
Terms for years
lessee) come into it for a determinate time, are generally sufficient for the purpose. Terms could not be limited in succession or by way of remainder except by way of trust or by will as executory devises … for which it is held. It is a chattel real: chattel, because the estate passes to the owner's executors at his death, and did not pass to his heir-at-law, and so far partakes of the nature of
fund
in the stock of growth companies hedge fund : an investing group usually in the form of a limited partnership that employs speculative techniques in the hope of obtaining large capital gains index fund : a mutual … by a bank trust department to pool the assets of many small trusts for greater diversification in investing executor fund : a fund established in estate planning to provide for the payment of final expenses by an
Breach of trust
Breach of trust, a violation of duty by a trustee, executor, or other person in a fiduciary position. In some cases a breach of trust may be a comparatively … him from liability. Further, the Trustee Act, 1888, s. 8, allows a trustee to plead the Statute of Limitations except incases of fraud or if he has not benefited by the breach of trust; see LIMITATIONS. A
Debt
Funeral expenses, which in the case of an insolvent estate must be strictly reasonable and necessary only, the executor or administrator being personally liable for any excessive expenditure. What is a strictly reasonable and necessary sum varies … Estates Act, 1925, s. 34, which expressly recognizes the right of retainer of a personal representative within the limits therein set out. It is a chose in action and is heritable and assignable and it is treated
Deed
and he would take although not mentioned in the former part of the deed. While nothing can be limited in the habendum which has not been given in the premises, yet it may abridge, qualify, or enlarge … Lastly, those who are inserted to fix them with notice of the deed, as creditors, legatees, trustees, and executors. When a person acts in two or more capacities, he should be named in distinct parts, according to
Uses
not operate to vest the legal estate in the cestui que use in the following cases:- (1) Uses limited of copyholds-sine no person can be introduced into the estate without the lord's consent; for if use were … (10) At one time a use was not assets for the payment of debts by the heir or executor. There appears to have been a distinction between a use and a trust, even before the Statute of
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