Search results
Results from the WOW.Com Content Network
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
Part XIV is a compilation of laws pertaining to the constitution of India as a country and the union of states that it is made of. This part of the constitution consists of Articles on Services Under the Union and the States. [1]
This is when India's laws became more attuned with British Common Law, which came from rulings in British legal cases, and is what Judges used to decide cases. [19] This meant that India had limited, on the way to becoming zero, usage of Hindu or Islamic Laws while the law of the colonizers became the predominant form of litigation.
Then it is said that this is contrary to the rule against perpetuity. Now, in my opinion the rule against perpetuity has no application whatever to personal contracts. If authority is necessary for that, the case of Witham v Vane [4] is a direct authority of the House of Lords; and to my mind an even stronger case is that of Walsh v Secretary ...
Property law is the area of law that governs the various forms of ownership in real property (land) and personal property.Property refers to legally protected claims to resources, such as land and personal property, including intellectual property. [1]
In addition, the courts have recognised exceptions to the rules against purpose trusts. The erection and maintenance of tombs and monuments is a valid trust, as in Musset v Bingle; [17] this will not be held valid if the gift violates the perpetuity rule, or if the scale of the monument is "capricious and wasteful". [18]
The reforms introduced a statutory limitation on how long income could be accumulated before it must be distributed. In 2009, many of the Act's principles were further reformed by the Perpetuities and Accumulations Act 2009, which introduced a single, simplified perpetuity period of 125 years, replacing the earlier rules. [1]
Recognising the continuing gross indignities and offences against the scheduled castes and tribes, (defined as 'atrocities' in Section 3 of the Act) [1] the Indian parliament enacted the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Act, 1989 when the existing legal provisions (such as the Protection of Civil Rights Act ...