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The House of Lords held that the Law of Property Act 1925, section 53(1)(c), was not applicable to situations where a beneficiary directs his trustees, by way of his Saunders v Vautier right to do so, to transfer full legal and equitable [6] ownership to someone else. The case is a proposition that an oral declaration to a bare trustee to ...
The first was Vandervell v Inland Revenue Commissioners, [1] where the House of Lords was concerned with whether an oral instruction to transfer an equitable interest in shares complied with the writing requirement under Law of Property Act 1925 section 53(1)(c), and so whether receipt of dividends was subject to tax.
53(1)(b) of the Law of Property Act 1925 requires that "a declaration of trust respecting any land or any interest therein must be manifested and proved by some writing signed by some person who is able to declare such trust or by his will". section 53(1)(a) said "no interest in land can be created or disposed of except by writing signed by the ...
Trusts can generally be made without formality, however three main, large and practically relevant exceptions exist. First, a trust of land requires a signature on a written document evidencing a declaration, under the Law of Property Act 1925 section 53(1)(b). This means, someone can first declare a trust of land without any writing or ...
Add 1 cup of chicken stock (or water) to the pan to keep the ham moist. 5. Bake the ham, uncovered, for 20 minutes. Prepare the glaze. 6. Once the ham is done baking, transfer the stock into a ...
Section 2 in part reads: (1) A contract for the sale or other disposition of an interest in land can only be made in writing and only by incorporating all the terms which the parties have expressly agreed in one document or, where contracts are exchanged, in each.
A day later, the three other first-round games will take place ahead of the quarterfinals on Dec. 31 and Jan. 1. At the moment, there are six teams that can legitimately call themselves contenders ...
In the Printing bill as presented by the Joint Committee to the House, section 53 (which later became section 52 of the Law of 1895) provided for the sale of duplicate plates by the Public Printer, this provision apparently having been suggested by Mr. Richardson with a view to facilitating the private republication of the Presidential Messages.