Equity Definition of Equity The term ‘Equity’ is used in various senses‚ out of many the main four senses in which the term is used are: - 1. Literal senses 2. general senses 3. roman senses 4. English senses. 1. Literal senses:- Its sole aim may be to do justice to the parties in a case characterized by a configuration of facts unlikely ever to be repeated in reality in the same or similar way. The literal meaning given to equity is “right” as founded on the laws
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Mortimer Street‚ London W1T 3JH‚ UK Journal of Trust Research Publication details‚ including instructions for authors and subscription information: http://www.tandfonline.com/loi/rjtr20 Going back to the source: Why do people trust each other? Graham Dietz a Durham Business School ‚ Durham University ‚ UK Published online: 30 Sep 2011. To cite this article: Graham Dietz (2011) Going back to the source: Why do people trust each other?‚ Journal of Trust Research‚ 1:2‚ 215-222‚ DOI: 10.1080/21515581
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conveyed as a trustee‚ and who knows it was so conveyed‚ to deny the trust and claim the land himself’. Section 53(1)(b) of the Law of Property Act 1925 provides that ‘a declaration of trust respecting any land or any interest therein must be manifested and proved by some writing signed by some person who is able to declare such trust or by his will’. S53(1)(b) indicates that in cases where there is a purported oral declaration of trust‚ it is not void without the element of writing‚ but merely unenforceable
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Effect of Social Trust and Economic Growth Author: Lena Pfister Academic Supervisor: Christian Bjørnskov September 2010 Abstract: In recent years‚ social trust has gained in importance within social science‚ especially in an economic growth context. The thesis examines social trust as a potential determinant of economic growth using a panel data set including 116 countries over a time span from 1950 until 2005. The findings suggest a strong association between social trust and economic
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1: CERTAINTY OF OBJECTS & DISCRETIONARY TRUSTS 1. Introduction: The Purpose of the Certainty of Objects Requirement - For a Trust to exist‚ A must: (i) hold a specific claim-right or power; and (ii) be under a duty to B not to use that claim-right or power for A’s own benefit (unless and to the extent that A is also a beneficiary of the Trust). In other words‚ for a Trust to exist‚ A must be under the core Trust duty. The certainty requirements for a Trust simply reflect the fact that A must be
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Interests Reign Supreme: Settlor’s Intent vs. Beneficiary’s Interests Trust – The right‚ enforceable solely in equity‚ to the beneficial enjoyment of property to which another person holds the legal title; a property interest held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary). Settlor – Someone who makes a settlement of property; esp.‚ one who sets up a trust. — Also termed creator; donor; trustor; grantor; founder. Beneficiary
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Title: Estate Planning For the Elderly Course: TAX 6405-Gift‚ Estate‚ and Trust Taxation Table of Contents * Introduction * Power of attorney * Trusts * Wills * Joint ownership of assets * Lifetime gifts * Long term care insurance * Conclusion Introduction You may have heard a phrase like‚ “70 is the new 50.” There are large numbers of seniors living into their 80s and 90s. Estate taxation and planning has become a bigger concern‚ especially for baby boomers
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Running Head: Working in Teams Name: University: Course: Tutor: Date: Introduction Trust is the confidence that a person has towards another person. It is the ability to rely on a person by accepting his/her ideas without investigating or collecting evidence. A team is a collection of people with a common goal who are united together to achieve the goals. Interpersonal relationships refer to the association between two or more people in an organization that is geared towards
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Psychological Foundations of Trust Jeffry A. Simpson University of Minnesota‚ Twin Cities Campus ABSTRACT—Trust lies at the foundation of nearly all major theories of interpersonal relationships. Despite its great theoretical importance‚ a limited amount of research has examined how and why trust develops‚ is maintained‚ and occasionally unravels in relationships. Following a brief overview of theoretical and empirical milestones in the interpersonal-trust literature‚ an integrative process
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express trust knight and knight articulated that there must be certainty of subject matter‚ certainty of intention and certainty of objects. Certainty of subject matter is where there must be an identification of the trust property and certainty as to whom is which part of the trust property to be held. In relation to uncertainty of beneficial interests‚ the trust will fail where the method of distribution is stipulated by the sethlow but cannot take effect (Boyce v Boyce). However the trust will
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