Simple Trust - Law Dictionary Search Results
Release
disseisor, his heir, or grantee. Words of limitation are not necessary, since the subject of transfer is a simple right, which once discharged is for ever extinguished, and not an estate which may be qualified or restricted. … or of some claim or demand upon another person--most commonly, perhaps, the formal discharge given by beneficiaries to trustees on the winding-up of a trust. A trustee cannot ordinarily insist on a release under seal; he is
Joint-tenancy
Act, 1925, ss. 34 et seq.], assignees in bankruptcy, and others, though they differ in some respects from simple joint-tenants. Before 1926 there might be a joint-tenancy for life, or in fee, or in remainder, but not … title to the whole estate without the concurrence of other parties. that legal estate has been vested in trustees for sale as joint-tenants in the following cases, in joint-tenancy, estates in common or undivided shares, and coparceners;
Settled land
trust for sale [(English) L.P. Act, 1925, s. 2], but the owner may also convey the legal estate simply as owner in fee or of the term subject to the charge. [(English) L.P. Amend. Act, 1926] By
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assault
a criminal assault accompanied by the intent to commit or the commission of a felony (as rape) compare simple assault in this entry assault with intent : a criminal assault committed with the intent to commit another … age or physical or mental incapacity) or who places the assailant (as a doctor) in a position of trust see also rape NOTE: Sexual assault in its most serious forms (often classified as first degree sexual assault)
Abstract of title
EQUITABLE INTERESTS, BANKRUPTCY and VESTING ORDERS. Abstracts on behalf of vendors who are absolute owners entitled in fee simple in possession are not exceptionally affected by legislation under these heads except so far as conveyances after 1925 … statutory power of disposal, and in equity every purchaser taking property with notice (qu. vide) of any estate, trust, incumbrance, or interest affecting it took the property subject thereto, but legislation and the practice of conveyancers have
Law of Property Act, 1925 (English)
important change was the abolition of all legal estates or tenures in land, except an estate in fee simple in possession, and a term of years absolute in or in certain incorporeal hereditaments arising out of annexed … by means of an expedient which is generally termed 'the CURTAIN,' that is to say, in outline: (a) trustees for sale as to undivided shares; (b) the tenant for life or other statutory owner of the fee
Advowson
corporeal hereditament. Thus, where an advowson has immemorially passed together with a manor or reputed manor by a simple grant of such manor, without particularly referring to the advowson, it is then said to be appendant, i.e., … the privileges of the particular benefice. An advowson is in the nature of a temporal property and spiritual trust. For the origin and history of advowsons, consult Mirehouse on Advowsons, pp. 1-6. There are several kinds of
Consideration
nature of the transaction and in the absence of consideration the Courts will, except in the case of simple contract, accept other evidence from which intention will be inferred. A simple contract, that is to say, a … v. Atkinson, (1861) 1 B&S 393; Re Empress Engineering Co., (1880) 16 Ch D 125; but if a trust be created for the third party, there is a departure from the rule and the third party can
Appointment in exercise of a Power
that such formalities were observed. The formalities required by the creator of a power should be few and simple, for many an appointment has failed because they have not been precisely attended to. When the consent of … case of freeholds an instrument which alters, abridges, or suspends a use limited by a prior assurance or trust creating the power which sanctions such appointment. In the case of appointments of uses of freeholds effected under
Priority
were swept into this rule, viz., all equitable interests inland (i.e., all estates for less than a fee simple absolute in possession or a term of years absolute and corresponding incorporeal hereditaments (see s. 1 of the … to whom notice must be given and, in their absence, for the indorsement of a memorandum on the trust instrument are provided by the section, see Dearle v. Hall. In regard to mortgages: before 1926, puisne mort-gagees
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