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Topic: Business
Number of pages / Number of words: 12 / 3278
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The settler has no enforceable rights, because he or she retains no interest in the property (assuming he or she is not a trustee or beneficiary);

viii) it is possible to have a trust of any type of property. This was the original meaning of the equitable maxim equity follows the law.

CONSTITUTION OF A TRUST

In order for a valid private trust to come into existence, the following two elements are both necessary and sufficient:

i) There must be a manifest intention on the part of the settlor to create a trust (and not to effect some other kind of transaction, such as making an outright gift or loan)...


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The settler has no enforceable rights, because he or she retains no interest in the property (assuming he or she is not a trustee or beneficiary);

viii) it is possible to have a trust of any type of property. This was the original meaning of the equitable maxim equity follows the law.

CONSTITUTION OF A TRUST

In order for a valid private trust to come into existence, the following two elements are both necessary and sufficient:

i) There must be a manifest intention on the part of the settlor to create a trust (and not to effect some other kind of transaction, such as making an outright gift or loan)...


Essay fragment

General points of the essay

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