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Debt

assignment is absolute and in writing, where express written notice of the assignment is given to the debtor, trustee, or other person from whom the assignor would have been entitled to claim such a debt [(English) Law

Declarator of trust

Declarator of trust is resorted to against a trustee who holds property upon titles ex facie for his own benefit, Ibid.

Directors

be the sole director of another company [Re Bulawayo Market Co., (1907) 2 Ch 458]. Directors are not trustees, but paid confidential agents, with very extensive powers, selected to manage the affairs of the company; they are,

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Discharge of trustees

Discharge of trustees. See (English) Trustee Act, 1925, ss. 39, 40, and as to deeds of discharge of trustees for the

Entering short

entered short, and not credited to the customer unless by way of advance, does not pass to his trustee, but the customer is entitled to them if they remain in his hands, or to their proceeds, if

Equity of redemption

subject to avoidance as against purchasers for value if unregistered, according to the date of notice to the trustee or trustees and not according to date of creation. [(English) Law of Properties Act, 1925, s. 137] For

taxable termination

generation-skipping transfer of property held in trust that is subject to a generation-skipping transfer tax payable by the trustee when an interest in the property terminates (as at the death of the parent of a skip person),

Clayton's case

order in which they are incurred, but see Hallett'' Estate, 13 C.D. 696, as to payments by a trustee, and s. 38, Bankruptcy Act, 1914, also APPROPRIATION OF PAYMENTS.

Debtors Act, 1869

Vict. c. 62).-This Act abolishes imprisonment for debt except incase of default of payment of penalties, default by trustees or solicitors, and certain other cases (see s. 4), and provides for committal of debtors in default of

Chose

or other legal thing in action of which express notice in writing has been given to the debtor, trustee, or other person from whom the assignor would have been entitled to claim such debt, etc., is effectual

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