Search Results for: TROVER

cestui que trust

cestui que trust (set-ee [orses-twee] kee [or k[schwa]] tr[schwa]st). [Law French] Archaic. One who possesses equitable rights in property, usu. receiving the rents, issues, and profits from it; BENEFICIARY. — Also termed fide-commissary; fidei-commissarius. Pl. cestuis que trust or (erroneously) cestuis que trustent.[Cases: Trusts 139. C.J.S. Trover and Conversion § 251.] “[A]n alternative name for

cestui que trust Read More »

form of action

form of action. The common-law legal and procedural device associated with a particular writ, each of which had specific forms of process, pleading, trial, and judgment. • The 11 common-law forms of action were trespass, trespass on the case, trover, ejectment, detinue, replevin, debt, covenant, account, special assumpsit, and general assumpsit. [Cases: Action 29; Federal

form of action Read More »

springing use

A use that arises on the occurrence of a future event. • In the following example, B has a springing use that vests when B marries: “to A for the use of B when B marries.” — Also termed executory use. [Cases: Trusts 131; Wills 625. C.J.S. Trover and Conversion § 241; Wills§§ 1314–1317, 1319.]

springing use Read More »

judicial power

judicial power. 1. The authority vested in courts and judges to hear and decide cases and to make binding judgments on them; the power to construe and apply the law when controversies arise over what has been done or not done under it. • Under federal law, this power is vested in the U.S. Supreme

judicial power Read More »

passive trust

A trust in which the trustee has no duty other than to transfer the property to the beneficiary. — Also termed dry trust; general trust; nominal trust; simple trust; naked trust; ministerial trust; technical trust. See bare trustee under TRUSTEE. Cf. active trust. [Cases: Trusts 136. C.J.S. Trover and Conversion §§ 13, 243.]

passive trust Read More »

Scroll to Top