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In common law countries a remainderman is a person who inherits or is entitled to inherit property upon the termination of the estate of the former owner. [1] Usually, this occurs due to the death or termination of the former owner's life estate , but this can also occur due to a specific notation in a trust passing ownership from one person to ...
In property law of the United Kingdom and the United States and other common law countries, a remainder is a future interest given to a person (who is referred to as the transferee or remainderman) that is capable of becoming possessory upon the natural end of a prior estate created by the same instrument. [1]
Often, an indispensable party is any party whose rights are directly affected by disposition of the case. Many jurisdictions have rules that provide for an indispensable party to be joined (brought into the case as a party) at the discretion of the judge, which is referred to as a nonjoinder of party. [1]
Joinder of parties also falls into two categories: permissive joinder and compulsory joinder. Rule 20 of the Federal Rules of Civil Procedure addresses permissive joinder, which allows multiple plaintiffs to join in an action if each of their claims arises from the same transaction or occurrence, and if there is a common question of law or fact ...
Howe v Earl of Dartmouth (1802) 7 Ves 137 is an English trusts law case. It laid down the rule of equity in relation to the duties of a trustee in relation to a trust fund where there are successive interests in relation to the trust fund, and seeks to strike a fair balance between the rights of the life tenant and the remainderman. [1]
Parties: cedens 'cedent' (= assignor); cessionarius 'cessionary, cessionee' (= assignee); debitor cessus 'third-party obligor'; Types: cessio in anticipando - assignment of future right or benefit
Saunders v Vautier [1841] EWHC J82, (1841) 4 Beav 115 is a leading English trusts law case. It laid down the rule of equity which provides that, if all of the beneficiaries in the trust are of adult age and under no disability, the beneficiaries may require the trustee to transfer the legal estate to them and thereby terminate the trust.
One of the most common uses of dummy pronouns is with weather verbs, such as in the phrases "it is snowing" or "it is hot."[11]In these sentences, the verb to rain is usually considered semantically impersonal, even though it appears as syntactically intransitive; in this view, the required it in "it is snowing" is to be considered a dummy word.