Brooks v.* Belfast, 90 Me
Categories: Contracts
Definition (1910 Edition)
Origin: Scotch
318. 38 Atl. —Proprietary trast. In Scotch law, a naked, dry, or passive trust. See supra.—Public trust. One constituted for the benefit either of the public at large or of some considerable portion of it answering a particular description ; to this class belong all trusts for charitable purposes, and indeed public trusts and charitable trusts may be considered in general as synonymous expressions. Lewin, Trusts, 20.—Resulting trust. One that arises by implication of law. or by the operation and constriction of equity, and which is established ag consonant to the presumed intention of the parties as gathered from the nature of.the transaction 5; as, for eremple: where one person, becomes invested with the title to real property under cir cumstances which in equity obligate him to hold the title and exercise his ownership for the benefit of another, a familiar instance being the case where a man buys land with his own money but has the title put in the name of another. See
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
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