Search results
Results From The WOW.Com Content Network
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 ...
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 ...
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]
In diversity cases, which brought in federal court on the basis of all plaintiffs coming from different states as all defendants, joinder will not be deemed feasible if it destroys diversity. Where the missing party can not be brought into the case, the court must determine whether it is possible to proceed without joining that party.
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]
Browne-Wilkinson J held that the trust was valid, because both concepts of friends and family could be given a workable meaning. Although ‘friend’ could have a wide variety of meaning, the minimum requirements were that (a) the relationship had to be long standing (b) be a social and not a business or professional relationship, and (c) although they may not have met for some time, when ...
An equal exchange of goods or services, or of money (or other consideration of equal value) for some goods or services. quo ante: as before Returning to a specific state of affairs which preceded some defined action. quo warranto: by what warrant A request made to someone exercising some power, to show by what legal right they are exercising ...
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.