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The Liability of trustees inter se in English law governs in what circumstances and to what extent a trustee in English trust law is liable for the acts and defaults of their co-trustees under English Law. In general trustees are under a duty to act jointly and have authority to act individually only if the trust instrument so provides.
Under joint and several liability or (in the U.S.) all sums, a plaintiff (claimant) is entitled to claim an obligation incurred by any of the promisors from all of them jointly and also from each of them individually. Thus the plaintiff has more than one cause of action: if she pursues one promisor and he fails to pay the sum due, her action is ...
That separation is necessary due to the fact that many other Wikipediae do not have a single article called "Joint and several liability", but instead have one article on joint and one on several liability. The downside of that is that the English language article now no longer links to any other languages at all.
Wren & Martin refers to a single book High School English Grammar and Composition or collectively, a series of English grammar textbooks written jointly by P. C. Wren and H. Martin. [1] Written primarily for the children of British officers residing in India , these books were widely adopted by Indian and Pakistani schools in the post-colonial ...
The light verb (also called "subsidiary", "explicator verb", and "vector" [20]) loses its own independent meaning and instead "lends a certain shade of meaning" [21] to the main or stem verb, which "comprises the lexical core of the compound". [20] While almost any verb can act as a main verb, there is a limited set of productive light verbs. [22]
The numeral systems of several of the Indo-Aryan languages, including Hindustani and Nepali, are typical decimal systems, but contracted to the extent that nearly every number 1–99 is irregular. [20] The first four, and sixth, ordinal numbers are also irregular. The suffix -vā̃ marks ordinals five and seven onwards. The ordinals decline in ...
If the joint account is a survivorship account, the ownership of the account goes to the surviving joint account holder. Joint survivorship accounts are often created in order to avoid probate. If two individuals open a joint account and one of them dies, the other person is entitled to the remaining balance and liable for the debt of that account.
Act of any one partner is binding on all the partners. Thus, each partner is 'agent' of all the remaining partners. Hence, partners are 'mutual agents'. Section 18 of the Partnership Act, 1932 says "Subject to the provisions of this Act, a partner is the agent of the firm for the purpose of the business of the firm" [24] 5) Oral or Written ...