Relevant Basic Definitions Trust is defined as an equitable obligation‚ binding a trustee to deal with property over which he/she has control for the benefits of beneficiaries. A trustee could be a beneficiary as long as he/she is not the only one. Trustee is the person who is the legal owner and controller of the trust property. The trustee‚ who is usually appointed in the trust deed‚ manages the trust on behalf of the beneficiaries and is held accountable by being subject to fiduciary duties.
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Basic Rules of Trusts: Property‚ Obligations and trusts 1) Equitable title exists whenever equity will require the legal owner of property to hold the property for the benefit of some other person or group of persons (which group may include the legal owner himself.) 2) Cestuis que trust=beneficiaries 3) Settlor and trustee can be the same person. 4) Settlor and beneficiary can be the same person. (Settlor can convey property to a trustee on trust for himself.) 5) Express trust as the creation
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Trust is the very thing that everybody in this world desires‚ or at least should desire from one another. Who wants to have a friendship or relationship without trust? Nobody does. Without trust‚ there is no friendship‚ and without friendship‚ there is no love. I believe that trust is an even greater compliment than to be loved! I believe George Macdonald said it best when he stated "To be trusted is a greater compliment than to be loved." When I read this quote for the first time‚ I thought to myself
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CREDIBILITY has to do with the words we speak. In a sentence we might say‚ “I can trust what she says about intellectual property; she’s very credible on the subject.” RELIABILITY has to do with actions. We might say‚ “If he says he’ll deliver the product tomorrow‚ I trust him‚ because he’s dependable.” INTIMACY refers to the safety or security that we feel when entrusting someone with something. We might say‚ “I can trust her with that information; she’s never violated my confidentiality before
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Harvard Business Review Online | The Enemies of Trust Page 1 of 9 Purchase products from: >| http://www.hbsp.org The Enemies of Trust You’re honest‚ straightforward‚ and competent. So why don’t your people trust you? by Robert Galford and Anne Seibold Drapeau Robert Galford is a managing partner of the Center for Executive Development in Boston and has taught in executive education programs at Harvard‚ Columbia‚ and Northwestern. Anne Seibold Drapeau is the chief people officer
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What Is Trust To Me? A trustworthy person is a valuable and reliable person. They will not lie‚ steal‚ cheat‚ lose devotion in something‚ or turn their back on you over trivial matters. Doing all of these things can build an excellent reputation for yourself‚ and people will admire you. Then people will have more respect for you. Being reliable‚ honest‚ loyal‚ and having integrity will boost your self morale‚ while making you appear a person of high quality. A trustworthy person will be dependable
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After I read the article “How to Build Trust in a Virtual Workplace” by Keith Ferrazzi‚ I noticed three challenges that are not mentioned. I think one of the big challenges of virtual workplace that are not mentioned on article is culture as individuality and as an organization. Deal and Kennedy ’s (1982) said that Strong cultures can be one of the reasons for a successful organization. There are four important points for that strong culture: values (beliefs and visions)‚ heroes (are people that
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What is Trust? englcomen2marquezi What is Trust? Trust is defined in the dictionary as believing in someone. However‚ it is not that simple to understand. It goes into deeper meaning as we continue to live‚ grow and experience different challenges in life. Trust is believing in someone with your heart‚ knowing that he/she will cherish it as a treasure inside him/her. There are different kinds of trust and these are: trust in family‚ trust in someone special and trust in friends
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The Definition of a Trust trusts is a device in which rights (personal or proprietary) are held by one person on behalf of another some trusts are created by court. These are constructive trusts. person creating the trust: settlor person holding rights: trustee person for whom those rights are held: beneficiary Lord Coke’s Definition "a confidence reposed in some other‚ not issuing out of land but as a thing collateral thereto‚ annexed in privity to the estate of the land‚ and to the person
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Trust Trusting people is hard to do. Especially trusting strangers and people with danger written across their face. Most characters in the movie have a hard time trusting Jack Sparrow. He wasn’t trusted mainly because he was a pirate. Pirates are never to be trusted. They are involved in illegal activities like‚ robbery and violence. They had to be good liars to not get caught doing this. William Turner had an even harder time trusting him. He was never sure on who’s side Jack was on. Was he
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