Party In Interest - Law Dictionary Search Results

one in the original subject matter ;also : the condition or relationship of having such an interest [a party in ] see also predecessor in interest NOTE: A claim may be barred by res judicata or collateral estoppel

Property

State of Bihar, AIR 2003 SC 3436. Property, in indicative and descriptive of every possible interest which a party can have, State of Manipur v. Nongthombam Ambu Singh, AIR 1957 Manipur 1. Property, in its most general

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Joint-tenancy

tenancy is created where the same interest in real or personal property is, by the act of the party, passed by the same matter of conveyance or claim in solido, and not as merchan-dise, or for purposes

Power

Law authori-ties; (2) declarations, or directions, operating only on the conscience of the persons in whom the legal interest is vested; or (3) declarations or directions deriving their effect from the Statute of Uses. A power given … specified acts. Powers are never imperative; they leave the act to be done at the Will or the party to whom they are given. Trusts are always imperative and are obligatory upon the conscience of the party

Trust

in equity, to the beneficial enjoyment of property to which another person holds the legal title; a property interest held by one person (trustee) at the request of another (the settlor) for the benefit of a third … held by one person (trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary), Black's Law Dictionary, 7th Edn., p. 1513. A trust is simply a confidence, reposed either ex-pressly

Consideration

his promise to be binding on him, or (b) that he intends to divest himself of a beneficial interest in property. In its widest sense consideration is the price, motive or inducement for a promise or for … is doubtful, but not upon one utterly unfounded, is sufficient, since it is a benefit to the one party and a prejudice to the other. If the time of forbearance be stated, it must be a reasonable

Lease

property for life, or years, or from year to year or at will, by one who has greater interest in the property. The person granting is called the lessor, who is possessed of the reversion (as to … on which the legal possession continues with the owner, it is a licence; if under the document a party gets exclusive possession of the property, 'prima facie', he is considered to be a tenant, Associated Hotels of

Uses

to pay the same to, her separate use; and so of a trust to permit and suffer a party to receive and take the net rents and profits. (4) A second use, or a use upon a … this statute was the total destruction of the use, by effecting an amalgamation of the legal and equitable interests; but this object, if it existed, has failed owing to the equitable jurisdiction of the Courts of Chancery

Partition

for 'owelty,' i.e., equality of partition, so as to prevent any injustice or unavoidable inequality, as where one party has laid out large sums in improvements on the estate. On a partition, not every part of the … reason of the nature of the property to which the suit relates, or the number of the parties interested, or of any other circumstance, a sale of the property and a distribution of the proceeds would be

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