Define recitals in trust

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August undefined, 2024

WebRecital. A formal statement appearing in a legal document such as a deed that is preliminary in nature and provides an explanation of the reasons for the transaction. The … WebFeb 5, 2024 · Are a role model and set a good example. Walk the talk. Honor commitments and keep promises. Follow through on commitments. Are willing to go above and beyond what needs to be …

Conventional Trust Definition Law Insider

WebRecital. A formal statement appearing in a legal document such as a deed that is preliminary in nature and provides an explanation of the reasons for the transaction. The recital in a deed, for example, might indicate the reasons why the owner is selling the … Define incompetency. incompetency synonyms, incompetency pronunciation, … 2. Recitals are used to explain those matters of fact which are necessary to … RECIPROCAL CONTRACT, civil law. One in which the parties enter into mutual … strive chair collection

RECITAL English meaning - Cambridge Dictionary

WebTrustee’s Deed Recitals. The recitals of facts in any instrument delivered upon completion of any sales, as described in Section 6.3, above, such as the existence of a default, the … Webrecital definition: 1. a performance of music or poetry, usually given by one person or a small group of people: 2. a…. Learn more. WebTrust—or the belief that someone or something can be relied on to do what they say they will—is a key element of social relationships and a foundation for cooperation. It is critical … strive charity uk

Recital definition and meaning Collins English Dictionary

WebMay 1, 2024 · The recitals provide additional information and supporting context to supplement the articles. The European Data Protection Board—formerly Article 29 Working Party—relies on the recitals to interpret the articles. Furthermore, the Court of Justice of the European Union reviews the recitals to decide the meaning and application of the GDPR. Webrecital meaning: 1. a performance of music or poetry, usually given by one person or a small group of people: 2. a…. Learn more. strive chair nestingWebAug 24, 2024 · Account In Trust: An account in trust is a general term used to define any type of financial account that is opened by an individual and managed by a designated trustee for the benefit of a third ... strive character list

"WebMar 1, 2024 · 01 March 2024. In Toomey Motors v Chevrolet, the Commercial Court considered the legal effect of recitals to a contract. In this case the parties had described, by way of recital and in some detail, what they saw as the purpose of the agreement. This wording was referred to as the "purpose clause". As a general rule, recitals may be … " - Define recitals in trust

Define recitals in trust

Beneficiary of Trust: Definition and Role in Estate …

WebRecitals refer to the "whereas" clauses that precede the main text of a contract. They provide a general idea about the contract to its reader such as, what the contract is … WebNov 25, 2014 · The recitals can play a valuable role in helping third parties entering into, or reviewing, the contract later in time to understand the intention of the original contracting …

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WebTrust is a belief in a probability that a person will behave in certain ways. Trust is an abstract mental attitude toward a proposition that someone is dependable. Trust is a feeling of confidence ... WebJul 7, 2024 · In law, a recital (from Latin: recitare, “to read out”) consists of an account or repetition of the details of some act, proceeding or fact. Particularly, in law, that part of a legal document—such as a lease, which contains a statement of certain facts—contains the purpose for which the deed is made.

Web8.2 Constructive trusts/duty to account. The interest of a beneficiary under a constructive trust is proprietary in nature. In other words, the beneficiary’s interest exists ‘in rem’, and in the event of the bankruptcy of the trustee the beneficiary’s interest prevails over the trustee in bankruptcy and the claimant will take priority over the claims of his general creditors. WebTrust—or the belief that someone or something can be relied on to do what they say they will—is a key element of social relationships and a foundation for cooperation. It is critical for ...

WebJul 3, 2014 · Recitals are not an operative part of the contract. However, a court may consider them (if relevant) in deciding upon an interpretation of a particular part of the … WebRECITAL. Sample Clauses. RECITAL. Lender has agreed to make and Borrower has agreed to accept a loan in the original principal amount of $350,000,000.00 (the “Loan”). Lender is willing to make the Loan to Borrower upon the terms and subject to the conditions set forth in this Loan Agreement. RECITAL. The Member has formed the Company as a ...

WebAn indemnity deed of trust is a real estate recordable document used in Maryland to avoid payment of recordation and transfer taxes in real estate transactions. The state and each local jurisdiction impose recordation taxes and transfer taxes on the recordation documents that transfer an interest in land. Recordation and transfer taxes are due ...

WebThe hardest part about piano lessons is having to give a recital, or to demonstrate what you've learned in front of an audience. strive character dlcWebConventional Trust. definition. : Open Split View. Cite. Conventional Trust has the meaning provided in the recitals at the beginning of this Agreement. Sample 1. Based on 1 documents. Conventional Trust has the meaning provided in the recitals at the beginning of this Agreement. strive character selectWebRecitals clause samples. Section 1. Definitions and Recitals. The above recitals shall be incorporated and construed as part of this Agreement. “Additional ADS Issuance” has the … strive character tier listWebtrust definition: 1. to believe that someone is good and honest and will not harm you, or that something is safe and…. Learn more. strive chemistry pdfWebRecital (law) In law, a recital (from Latin: recitare, "to read out" [1]) consists of an account or repetition of the details of some act, proceeding or fact. Particularly, in law, that part of … strive charter schoolWebSep 23, 2024 · Beneficiary Of Trust: A beneficiary of trust is a person for whom a trust was created, and who receives the benefits of that trust. In many instances a trust is established to prevent the ... strive chennaiWebRecital (law) In law, a recital (from Latin: recitare, "to read out" [1]) consists of an account or repetition of the details of some act, proceeding or fact. Particularly, in law, that part of a legal document—such as a lease, which contains a statement of certain facts—contains the purpose for which the deed is made. [2] strive characters dustloop