Creditor vs Debtor – The Art of Commerce Debtor vs Creditor. In the intricate world of commerce, one must navigate the delicate balance between being a creditor and a debtor. While both roles are integral to the functioning of the economic system, it is the...
Appling equitable maxims to trust cases. Let us look at the following scenarios. In each case, consider which legal maxims you think would apply. We will also provide an adequate rationale. Scenario one. Mark deceitfully transfers ownership of his house to his...
How Trusts can affect family daily life Trust Can Affect Daily Life. Here are some different types of trusts that can affect daily life or family: 1. Living Trust: This type of trust allows individuals to transfer their assets into a trust during their lifetime. It...
Why someone may choose to give their property legal title to someone else? ‘Beneficial Use’ and Legal Title Differences. ‘Beneficial Use’ often refers to the right to enjoy the benefits or profits from a property, such as living in a house or...
What Exactly is a Trust? “Will trust own it?” Clients often make statements like “the trust will own it?” and it requires clarification that this is not entirely accurate. Unlike a corporation, which is recognized as a separate legal entity in...
