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unity

time. Conveying the interests of the cotenants in the same instrument creates the unity of title. Conveying the same interest (as fee simple absolute) to the cotenants creates the unity of interest. Conveying a common right of possession

Limitation of actions and prosecutions

c. 57, the (English) Real Property Limitation Act, 1874, certain periods are fixed within which, upon the principle Interest reipublic' ut sit finis litium, particular actions must be brought or proceedings taken. In the case of simple

Possession

property draws to it the possession (Bac. Abr. Trespass, C. 3), but this is subject to a temporary interest of another, such as a bailee, in the propertyif his possession is inconsistent with the owner's right to

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Parties

any of the parties beneficially interested in the trust or estate. Where there are numerous parties having the same interest in one action, one or more of such parties may sue or be sued, or may be authoriszed

interest

Matched in: Term interest

Loan societies

advancing money on loan to the industrial classes, and receiving back payment for the same by instalments, with interest. They are exempt from the provisions of the Money Lenders Act, 1900. By the (English) Loan Societies Act,

Common

profit which a man has in the land of another; it derives its name from the community of interest which thence arises between the claimant and the owner of the soil, or between the claimant and other

effective

of counsel] see also ineffective assistance of counsel 3 : being in effect 4 of a rate of interest : equal to the rate of simple interest that yields the same amount when the rate is paid

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

Money land

and go to the same persons successively in the same manner and for and on the same estates, interests and trusts as the land wherefrom the money arises would, if not disposed of, have been held and

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