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For an act to be an expression of trust, it must not betray the expectations of the trustee. Some philosophers, such as Lagerspetz, argue that trust is a kind of reliance, though not merely reliance. [69] Gambetta argued that trust is the inherent belief that others generally have good intentions, which is the foundation for our reliance on ...
In trust law, an express trust is a trust created "in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct or dealings of the parties." [ 1 ] Property is transferred by a person (called a trustor, settlor , or grantor) to a transferee (called the trustee ), who holds the property for the benefit ...
Intention. A mere expression of hope that a trust be created does not constitute the intent to create a trust. Conversely, the use of terms of art such as the word "trust" does not of itself establish whether an instrument is an express trust. [16] Disputes in this area mainly concern differentiating gifts from trusts. Subject Matter.
Exempli gratiā is usually abbreviated "e. g." or "e.g." (less commonly, ex. gr.).The abbreviation "e.g." is often interpreted (Anglicised) as 'example given'. The plural exemplōrum gratiā to refer to multiple examples (separated by commas) is now not in frequent use; when used, it may be seen abbreviated as "ee.g." or even "ee.gg.", corresponding to the practice of doubling plurals in Latin ...
In 1995, the similar phrase "Trust and Verify" was used as the motto of the On-Site Inspection Agency (now subsumed into the Defense Threat Reduction Agency). [11]In 2000, David T. Lindgren's book about how interpretation, or imagery analysis, of aerial and satellite images of the Soviet Union played a key role in superpowers and in arms control during the Cold War was titled Trust But Verify ...
Where a fixed trust gives the trustee no discretion, and a discretionary trust (a "trust power") gives the trustee discretion and requires him to exercise it, powers go a step further. A "mere power", while not a trust obligation, grants the holder of the power the ability to exercise it, but without any requirement to do so.
The creation of express trusts in English law must involve four elements for the trust to be valid: capacity, certainty, constitution and formality. Capacity refers to the settlor's ability to create a trust in the first place; generally speaking, anyone capable of holding property can create a trust.
Trust (law), a legal relationship in which one person holds property for another's benefit Trust (business) , the combination of several businesses under the same management to prevent competition Investment trust , a form of investment fund