Gain Immediate access to our Essays
FREE access exchanged for your work, or pay £9.99
Words: | Submitted: Mon Oct 11 2004
... and Appointment of Trustees Act 1996, and according with the case of Gissing v Gissing (3), a trust only exists if the person who has the legal title is able to show that 'holds it as a trustee upon trust to give effect to the beneficial interest of the claimant'. As a matter of fact, trusts based on the intention of the parties to create a trust of from the conduct of the parties. There are two types of trusts: the express trusts and the implied trusts. The later category is subdivided into two categories, between the resulting and constructive trusts. The express trust is created when there is direct intention to create a trust while the implied trust when the intention is presumed but unexpressed, based on direct contribution such as money contributions made in the context of a purchase land that is, resulting trust or indirect ones related ...
FREE access exchanged for your work, or pay £9.99