Persons Interested - Law Dictionary Search Results
Shelley's case, Rule in
given to an heir or heirs or any particular heir or class of heirs, the same person or persons shall take as would in the case of freehold land have answered that description under the general law … 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
Wills
of the High Court, be provided safe and convenient depositories for the custody of the wills of living persons, and any person may deposit his will therein. And see (English) Administration of Justice Act, 1928 (18 & … 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
Widow
of the above, (x) For the surviving husband or wife absolutely. 'Statutory trusts' in this connection means the persons named and their issue respectively attain-ing vested interests upon trusts corresponding to s. 47, supra [see s. 47 … 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
Keep your definitions linked to case research
Advancement
provide. It will arise in favour of a wife, legitimate children, and in some cases in regard to persons to whom the purchaser stands in loco parentis, but it has been held not to arise where 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
to support a contract not void for other reasons, Story on Contracts, 71. (d) Considerations moving from third persons. It is a general rule that in cases of simple contract, if one party make a promise to … 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
Notice
mortgage does not by itself give notice of a trust; and see also s. 113 (ibid.), which absolves persons dealing in good faith with a mortgagee or with the mortgagor after discharge of the mortgage from any … Property Act, trustees who have received notices of equitable interests are obliged to produce them to any person interested in the equitable interest, at the cost of the latter. In regard to priority of charges, s. 97
Pawnbroker
Act, 1920, s. 2 (2)]; nor must pledges be accepted from children under 14. [(English) Children and Young Persons Act, 1933 (23 Geo. 5, c. 12), s. 8] Rate of Interest.--The 4th Schedule of the Act gives … (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
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
Tithe Rent-Charge
(s. 1). The Act creates redemption stock secured by the consolidated fund to be issued for compensation to persons interested in tithe rent-charge to yield interest equal to the gross annual value of the rent-charge less the specified
Marshalling
redemption in one or more of the properties either by way of mortgage of otherwise, the person or persons interested in the equities so dealt with are entitled, as against the mortgagor, to require that the first mortgage
Try the research workspace - 7 days free