of trust and effecting disposition of beneficiary’s interest Proving declaration of trust: In order to prove declaration of trust all types of evidence are admissible. Exceptions: a) Trust of land where the declaration has to be manifested and proved by some writing (Section 7 of Statute of Fraud Act 1677; Section 53(1)(b) of Law of Property Act 1925). The reason for this rule is to prevent fraud (Youdan). The written evidence can antedates or postdate the declaration of trust.
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Executing Strategies in a Global Environment: Examining the Case of Federal Express Abstract This paper will analyze Federal Express’s value creation frontier‚ and determine which of the four building blocks of competitive advantage the company needs in order to continue their above average profitability. It will also explore the main aspect of product differentiations and capacity control of the company to maintain an edge on their rivals. Furthermore‚ for this assignment I will attempt examine
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Non-charitable purpose trusts can be defined as ’private trusts intended to benefit purposes rather than beneficiaries’ . If the certainty of object is not qualified‚ then the trust usually fails because it is ’administratively unworkable’‚ this is often the case therefore for trusts which are merely established for a particular purpose rather than for a specified human beneficiary. Purpose trusts have been established and largely defined in case law‚ namely Re Astor’s Settlement Trust [1952] . An inter
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TAXATION OF INCOME TRUSTS IN CANADA: EFFECTS ON STRUCTURE‚ CONDUCT AND PERFORMANCE P. L. ARYA Abstract: Income trust as a business structure became increasingly popular in Canada since 2003. Income trust structure gave companies advantage of shifting their tax burden on to the investor. The investor‚ on the other hand‚ received steady and higher than the market rate of return on invested capital and also received capital gains in the form of ‘return of capital’. When large Canadian corporations
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Question i. Knight v Knight set out three requirements for a valid trust. To satisfy the first requirement‚ certainty of intention‚ James must have made it clear that he intended for it to be made a trust‚ rather than a gift‚ as shown in Jones v Lock. The words used in this instance‚ that Kath is mentioned as a trustee and that has absolute discretion when distributing the money‚ can be said to afford a clear intention to create a trust. To satisfy the second requirement‚ certainty of subject‚ it is
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culture web to analysis National express. STORIES：national express built in 1974‚ it is a multinational public transport company. Currently‚ national Express Group is the largest operator of scheduled coach services in the UK and a leading transport provider in the UK‚ North America and Spain. Every year more than 650 million journeys are made on National express’s bus‚ coach‚ rail and tram services. With the unprecedented disruption in bank markets‚ National Express has suffered a significant adverse
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The Law and Jury System in Murder on the Orient Express The law and jury system probably is not something that you would consider important while reading Murder on the Orient Express. You probably wouldn’t even think about it‚ unless you’re thinking about the punishment that the murderer would endure. However at the end of the novel when you find out how much it impacted the novel you would be amazed. The book took place on the Orient Express‚ on the Istanbul-Calais coach where a man was killed
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Title: Murder on the Orient Express Author: Agatha Christie This book is about a detective who boards a train to a have a vacation‚ however one of the passengers were murdered during the night. Therefore‚ Hercule Poirot interviews everyone to try find the murderer. I really enjoyed this book as it got me guessing who the murderer is right way through the book. When I read this book again a found a few clues that I just read over without noticing them. For example‚ Mary Debenham says “Not
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Stock Valuation Problems Handout 1. ABC Company’s stock pays a fixed dividend of $2. If an investor’s required rate of return is 8%‚ then what is the value of the stock? $25 2. DEF Ltd. has stock outstanding that pays a fixed $5 dividend and currently markets for $22. What is the expected rate of return for the stock? 22.7% 3. GHI Inc.’s stock is selling for $33 in the market and pays a $3.60 annual dividend. a. If you purchase the stock at its current price‚ what will be the expected
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gave me strength to develop a Thesis on the topic “Prospects of Real Estate Investment Trust in Pakistan” then I like to give a vote of thanks to the Institute of Business & Technology‚ which provided me with the opportunity to conduct a research on this critical issue. I highly value the help provided and the efforts made during this research by the faculty members specially the advisors. I further express gratitude to all my teachers for their valuable guidance and supervision during this study
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