Personal Interest - Law Dictionary Search Results
Wills
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 … Ireland, a man cannot deprive his wife and children of a reasonable part (see REASONABLE PARTS) of his personal property. The (English) Wills Act, 1837, deals with four classes of subjects touching wills, viz.:- (1) What may
Advancement
trustees (extended in the case of intestacies by s. 47(1) of the (English) A. E. Act, 1925, to personal representa-tives) to advance up to one half of the beneficiary's interest in personal property and proceeds of a
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 … 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
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Notice
he has notice of the trust, and under the (English) Trustee Act, 1925, s. 28, a trustee or personal representative acting for one trust or estate is not in the absence of fraud affected by notice obtained … the forgoing limitations on the doctrine and effect of notice, a purchaser of a legal estate or equitable interest in land will be affected by every and any right, equity, or incumbrance of which he has actual
Distress
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 … 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
Pawnbroker
the owner of property pledged against his will. As to the power of an executor to pledge the personal chattels of his testator, see Solomon v. Attenborough, 1913 AC 76. A trustee in bankruptcy may inspect goods … (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.
Debt
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, … 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 with the circumstances of
Annuity
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) … 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
Interested
is a very natural witness cannot be regarded as an interested witness. The term 'interested' postulates that the person concerned must have some direct interest in seeing that the accused person is somehow or the other convicted
declaration
evidence declaration against interest : a statement made by someone unavailable as a witness that is against that person's own interests (as pecuniary or property interests) or may subject that person to liability compare admission, confession, self-incrimination
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