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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Discretionary Trusts and the concept of a sham trust. (a) The central theme regarding trusts is that they are assets that are legally owned by the trustees and not the beneficiaries. In a discretionary trust‚ the trustees have discretion as to who among a class of beneficiaries should receive income and/or capital under the trust and in what proportion (e.g. Mettoy Pension Trustees Ltd v. Evans [1990] 1 WLR 1587). So until a beneficiary is chosen to receive income or capital‚ they do not possess
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direction of courts when imposing a constructive trust upon a trustee de son tort. Constructive Trustee Constructive trusts are not confined to one definition. They are comprised of all trusts recognized and enforced by the courts that either resulting or express trusts. Express trusts are trusts are a design of the real intention of the parties however constructive trusts are ‘invitum’ (against the will or consent of the party) Constructive trusts are usually the result of gross violation of a
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trust agreement THIS TRUST AGREEMENT‚ MADE THIS _____ DAY OF _____________‚ 20XX‚ BETWEEN ____________________________‚ PRESENTLY RESIDING AT _________ ________________ ________________________ (SETTLOR)‚ _____________ ___________________‚ PRESENTLY RESIDING AT __________________________________ ______ (TRUSTEE)‚ AND ________________ __________‚ PRESENTLY RESIDING AT ________ ___________________________ (SUCCESSOR TRUSTEE). THE TRUST CREATED BY THIS AGREEMENT SHALL BE KNOWN AS THE ______________________
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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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Disposal of property on death – Secret Trusts Definition: An owner of property dies‚ that property passes to those entitled under the law of succession. 2 main methods: 1) Through a valid will 2) Intestacy rules Will – series of specific bequests or legacies of specific assets to specific individuals who will receive the assets not disposed off. If no residue clause then the rules of intestacy operate. Requirements of a valid Will 1) Capacity 2) Age 3) Mental Capacity 4) Intention
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Cal is correct and that in 1912 this would be a viable defense or if‚ even though the mills are entirely intrastate‚ he would still be subject to the Sherman antitrust act. Applicable Law In United States v. Patten‚ 226 U.S. 525 (U.S. 1913)‚ the defendants were charged with violating the Sherman Anti-trust Act by conspiring to run a corner on the cotton market. Ultimately‚ Patten was attempting to raise the prices of cotton throughout the country. The Supreme Court sustained the charges against
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there are two issues in this appeal. The first is concerned with the nature of the so-called “Quistclose trust” and the requirements for its creation. The second arises only if the first is answered adversely to the appellant. It is whether his conduct renders him liable for having assisted in a breach of trust.” Lord Millett in Twinsectra Ltd v Yardley and Others [2002] 2 AC 164 at paragraph 52. Critically
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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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that can lead to someone getting offended. It seems that in everyday life there is something someone can always lie about. In my opinion‚ I think lying is wrong and that people should always tell the truth‚ because everyone you come into contact will trust you. If you do lie‚ the truth will eventually come out‚ and if you do not lie you will have a clean conscious. Lying does not do you or anyone else any good; it does not resolve anything. Perhaps at first if you are a good liar
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