Case Study involving Trust laws
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...Case Study involving Trust laws
It is assumed that the will, by which the 950 shares have been bequeathed to the Accountant, Tom, to be held in trust for Ben’s nephew, Andrew, is a written one, since, f Section 53 (1) (c) of the Law of Property Act 1925 categorically states that any verbal or non-written disposition of Equitable interest is void and unenforceable. According to this subsection, “a disposition of an equitable interest or trust subsisting at the time of the disposition must be in writing signed by the person disposing of the same, or by his agent there unto lawfully authorized in writing or by...