GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:55 Mar 27, 2005 |
English to Persian (Farsi) translations [PRO] Law/Patents - Law: Contract(s) / law and trusts | |||||||
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| Selected response from: Hamid Sadeghieh Iran Local time: 02:28 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 | implied trust / resulting trust |
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Discussion entries: 4 | |
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amanate malekane implied trust / resulting trust Explanation: An implied trust ... is created where some of the legal requirements for an express trust are not met, but an intention on behalf of the parties to create a trust can be presumed to exist. A resulting trust may be deemed to be present where a trust instrument is not properly drafted and a portion of the equitable title has not been provided for. In such a case, the law may raise a resulting trust for the benefit of the grantor (the creator of the trust). In other words, the grantor may be deemed to be a beneficiary of the portion of the equitable title that was not properly provided for in the trust document. A resulting trust is the form of implied trust which occurs where a trust fails, wholly or in part, as a result of which the settlor becomes entitled to the assets. Reference: http://en.wikipedia.org/wiki/Trust_(property) |
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