This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1874 Excerpt: ...of constructive trusts is applied in these cases only for the purpose of effecting an immediate transfer of the beneficial interest to the person who is entitled in equity to the legal interest" (a). The rights here referred to form an important branch Theremedi-i of the remedial jurisdiction of equity, giving specific ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1874 Excerpt: ...of constructive trusts is applied in these cases only for the purpose of effecting an immediate transfer of the beneficial interest to the person who is entitled in equity to the legal interest" (a). The rights here referred to form an important branch Theremedi-i of the remedial jurisdiction of equity, giving specific re-equity. (a) 2 Spence, Equitable Jiir. 1, 2. dress in cases of fraud, mistake, and the like, upon equitable principles; but they do not enter into the scope of the present work, which is restricted to the substantive law and does not refer to the occasions and remedies of infringements or wrongs further than may be sometimes necessary or useful to do so for the purpose of explanation (a). 2. Trusts Foe Conversion. Trusts for conversion--of land into money--of money into land. Absolute conversion--conditional conversion--discretion of trustees. Resulting interest under a conversion by deed is personal estate--where the whole interest results there is no conversion. Proceeds of conversion by will, undisposed of, results to the heir--when included in residuary bequest--in residuary devise--heir takes the proceeds as personalty, unless conversion unnecessary. Election against conversion--election by owner of share--by tenant in tail--what constitutes election. Conversion of real estate of partnership. Ettates and in-In this and the following sub-sections are treated those tTequity? equitable estates and interests in land which are peculiar to equity, not only in respect of the mode of creating them, but also in respect of the kind and quality of the interest, and which have no correspondence with legal estates (b). Tro-u for con-By the equitable doctrine of conversion, concisely stated as follows, --"money directed to ...
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