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Moore, 153 Ind

Categories: Contracts

Definition (1910 Edition)

393, 53 N. EB. 767. 538 TL. R. A. 753. Express trusts are those which are created in express terms in the deed, writing, or will,-while implied trusts are those which, without being expressed, are deducible from the nature of the transaction, as matters of intent, or which are superinduced upon the transac: tions by operation of law, as matters of equity, independently ‘of the Bplay intention of the parties. Brown v. Cherry, 56 Barb. (N. Y.) 635.—Imperfect trust. executory trust, (which see;) and see EXECUTED TrRuUSsT.—Imepues trust. A trust raised or created by
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.