| slovo | definícia |
resulting trust
(encz) | resulting trust, n: |
Resulting trust
(gcide) | Result \Re*sult"\, v. i. [imp. & p. p. Resulted; p. pr. & vb.
n. Resulting.] [F. r['e]sulter, fr. L. resultare,
resultarum, to spring or leap back, v. intens. fr. resilire.
See Resile.]
1. To leap back; to rebound. [Obs.]
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The huge round stone, resulting with a bound.
--Pope.
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2. To come out, or have an issue; to terminate; to have
consequences; -- followed by in; as, this measure will
result in good or in evil.
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3. To proceed, spring, or rise, as a consequence, from facts,
arguments, premises, combination of circumstances,
consultation, thought, or endeavor.
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Pleasure and peace do naturally result from a holy
and good life. --Tillotson.
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Resulting trust (Law), a trust raised by implication for
the benefit of a party granting an estate. The phrase is
also applied to a trust raised by implication for the
benefit of a party who advances the purchase money of an
estate, etc. --Bouvier.
Resulting use (Law), a use which, being limited by the
deed, expires or can not vest, and thence returns to him
who raised it. --Bouvier.
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Syn: To proceed; spring; rise; arise; ensue; terminate.
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resulting trust
(wn) | resulting trust
n 1: a trust created by a court when it is judged that it was
the intention of the parties to create a trust |
| | podobné slovo | definícia |
resulting trust
(encz) | resulting trust, n: |
resulting trust
(wn) | resulting trust
n 1: a trust created by a court when it is judged that it was
the intention of the parties to create a trust |
RESULTING TRUSTS
(bouvier) | RESULTING TRUSTS, estates. Resulting, implied or constructive trusts, are
those which arise in cases where it would be contrary to the principles of
equity that be in whom the property becomes vested, should hold it otherwise
than as a trustee. 2 Atk. 150.
2. As an illustration of this description of a resulting trust, may be
mentioned the case of a contract made for the purchase of a real estate; on
the completion of the contract, a trust immediately results to the
purchaser, and the vendor becomes a trustee for him till the conveyance of
the legal estate is made. Again, when an estate is purchased in the name of
one person, and the purchase money is paid by another, there is a resulting
trust in favor of the person who gave or paid the consideration. Willis on
Tr. 55; 1 Cruise, Dig. tit. 12, s. 40, 41; Ch. Ca. 39; 9 Mod. 78; 7 Ves.
725; 3 Hen. & Munf. 367; 1 Supp. to Ves. jr. 11; Pow. Mortg. Index, h.t.; 2
John. Ch. R. 409, 450; 3 Bibb, R. 15, 506; 4 Munf. R. 222; 1 John. Ch. Rep.
450, 582; Sugd. on Vend. ch. 15, s. 2 Cox, Ch. Rep. 93; Bac. Ab. Trusts, C;
Bouv. last. Index, h.t. Vide Trusts; Use.
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