Person Interested - Law Dictionary Search Results
Shelley's case, Rule in
legal or equitable in realty (whether of freehold or copyhold tenure), is limited by any assurance to a person, and by the same assurance the inheritance of the same quality, i.e., either legal or equitable, is limited … it upon A. at once, whereupon his life estate merges in the remainder, and he takes the entire interest, i.e., the fee-simple. Again: Land is limited to A. for life, remainder to B. for life, remainder in
Widow
to deaths after 1925, by the Administration of Estates Act, 1925, s. 46:- (1) The residuary (real and personal) estate of an intestate shall be distributed in the manner or be held on the trusts mentioned in … a net sum of 1000l. free of death duties and costs to the surviving husband or wife (with interest from date of death at 5 per cent. per annum until paid or appropriated and subject thereto as
Wills
Wills. A will is the valid disposition by a living person, to take effect after his death, of his disposable property. ''But in law ultima voluntas in scriptis is … the execution of any will, to whom or to whose wife or husband any beneficial devise, legacy, estate, interest, gift, or appointment, of or affecting any real or personal estate (other than and except charges and directions
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Advancement
of conferring the beneficial interests will result to the grantor. The presumption of advancement generally arises where a person advances money for the purchase of any property or right in the name of another for whom the … consideration is merely a nominal one, and no intention on the face of it of conferring the beneficial interests will result to the grantor. The presumption of advancement generally arises where a person advances money for the
Consideration
Consideration. Any act of the promisee (the person claiming the benefit of an obligation) from which the promisor (the person burdened with the obligation) or a … 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
Pawnbroker
Pawnbroker, contemplates that every person who keeps a shop for the purchase or sale of goods or chattels and who purchases goods or … (1998) 7 SCC 707. One who lends money on goods which he receives upon pledge. The rate of interest which pawnbrokers may take has been fixed by law since 1800, by 39 & 40 Geo. 3, c.
Distress
c. 12), s. 3; (6) The goods of an under-tenant, lodger, or other person not having any beneficial interest in the tenancy, by the (English) Law of Distress Amendment Act, 1908 (8 Edw. 7, c. 53), if … distringo, Lat., to bind fast; districtio, Med. Lat., whence distraindre, Fr.], a taking, without legal process, of a personal chattel from the possession of a wrong-doer into the hands of a party grieved, as a pledge for
Interested
Matched in: Term Interested
Debt
Debt [fr. debitum, Lat.], a sum of money due from one person to another. An action of debt lay where a person claimed the recovery of a liquidated or certain … and 33 of the (English) Bankruptcy Act, 1914, and s. 36, ibid., as to deferred debts. An entailed interest if disposed of by will becomes assets for the payment of debts [(English) Law of Property Act, 1925,
Annuity
property. Ordinarily an annuity is a money payment of a fixed sum annually made and is a charge personally on the grantor, CWT v. Arundhati Balkrishna, (1970) 1 SCC 561 (565): AIR 1971 SC 915. [Wealth Tax … A. and the heirs of his body was ineffectual to create and estate tail, and passed an absolute interest conditional only upon an heir of the body being born. But now under s. 130 of the (English)
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