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USEFUL TOOLS-LAW DEFINITIONS

BLACK'S LAW DICTIONARY REVISED 4TH EDITION- Sec. 1

Definitions are added weekly. 

We are constantly updating this website almost daily!



BOND: A certificate or evidence of a debt. State v. Merchants Nat. Bank of Mobile, 230 Ala. 661,
162 So. 270; First State Bank of Kansas City v. Bone, 122 Kan. 493, 252 P. 250, 254. A contract.
Cusack v. McGrain, 136 Ohio St. 27, 23 N.E.2d 633, 635. A debt on which interest is paid. 


Commissioner of Internal Revenue v. H. P. Hood & Sons, C.C.A.1, 141 F.2d 467, 469. A deed whereby the - obligor obliges himself, his heirs, executors and administrators, to pay a certain sum of money to another at a day appointed. Gural v. Engle, 128 N.J.L. 252, 25 A.2d 257, 260; Commonwealth, for Use of Fayette County v. Perry, 330 Pa. 355, 199 A. 204, 206. A mere promise to pay. Deppe v. Lufkin, C.C.A.Mass., 116 F.2d 483, 486. 


A specialty or sealed instru ment and not merely a written instrument. Forrest v. Hawkins, 169 Va. 470, 194 S.E. 721, 722. A written obligation. Davis v. Phipps, 191 Ark. 298, 85 S.W.2d 1020, 1023, 100 A.L.R. 1110; Covington Virginian v. Woods, 182 Va. 538, 29 S.E.2d 406; Code Miss.1930, § 1365. An instrument which is not necessarily under seal. Carson, Pirie, Scott & Co. v. Duffy-Powers, Inc., D.C.N.Y., 9 F.Supp. 199, 201; Code Miss.1930, § 1365. 


An instrument with a clause, with a sum fixed as a penalty, binding the parties to pay the same, conditioned, however, that the payment of the penalty may be avoided by the performance by some one or more of the parties of certain acts. In re Fitch, 3 Redf.Sur., N.Y., 459. And see Stifel Estate Co. v. Cella, 220 Mo.App. 657, 291 S.W. 515, 518. 


Any contractual funding device. Leon County v. State, 122 Fla. 505, 165 So. 666. Debentures. First State Bank of Kansas City v. Bone, 122 Kan. 493, 252 P. 250, 254. Obligation to pay interest embodied in bonds as included in word "bonds." Eisiminger v. Elliott, Colo., 103 Colo. 216, 84 P.2d 823, 825.

In old Scotch law. A bond-man; a slave. Skene.

Bonds are either single (simple) or double, (conditional.) A single bond is one in which the obligor binds himself, his heirs, etc., to pay a certain sum of money to another person at a specified day. 


A double (or conditional) bond is one to which a condition is added that if the obligor does or forbears from doing some act the obligation shall be void. Formerly such a condition was sometimes contained in a separate instrument, and was then called a "defeasance.
 
Word "bond" in a statute means negotiable bonds. Royal Oak Drain. Dist., Oakland County v. Keefe, C.C.A. Ohio, 87 F.2d 786. Word "bons" in statute held applicable to a single bond. Lien Law N.Y. § 231. In re Downtown Athletic Club of New York City, D.C.N.Y., 18 F.Supp. 712, 715.

As a verb, to place under the cohditions of a bond; specif. : to convert into a debt secured by bonds. State ex rel. Pittman Bros. Const. Co. v. Watson, 199 La. 623, 6 So.2d 709, 712. To give bond for, as for duties on goods; to secure payment of duties, by giving bond. Bonded,
secured by bond. Bonded goods are those for the duties on which bonds are given. 


Bond and Disposition in Security

In Scotch law. A bond and mortgage on land.

Bond and Mortgage
A species of security, consisting of a bond conditioned for the repayment of a loan of money, and a mortgage of realty to secure the performance of the stipulations of the bond. Meigs v. Bunting, 141 Pa. 233, 21 A. 588, 23 Am.St. Rep. 273.

A bond and mortgage are distinct and separate securities. In re Maroney's Estate, 311 Pa. 336, 166 A. 914, 915.

"Bond" is primarily contract to pay while "mortgage" is separate contract to secure payment. Mendelson v. Realty Mortg. Corporation, 257 Mich. 442, 241 N.W. 154, 155. Investment in certificates of participation in bonds and mortgages as within statute authorizing investment in "bonds and mortgages". In re Smith, 279 N.Y. 479, 18 N.E.2d 666, 670.

Bond Creditor
A creditor whose debt is secured by a bond.

Bond for Deed
An agreement to make title in the future or an executory or incomplete sale. Ingram v. Smith, 62 Ga.App. 335, 7 S.E.2d 922, 926. An agreement to buy and sell real estate on small monthly payments. Galverina v. Ben L. Lewis Corporation, La.App., 165 So. 29.

Bond for Title
An agreement to make title in the future or an executory or incomplete sale. Ingram v. Smith, 62 Ga.App. 335, 7 S.E.2d 922, 926. White v. Stokes, 67 Ark. 184, 53 S.W. 1060.

In re Phcenix Planing Mill, D.C.Ga., 250 F. 899, 903. It is not a conveyance of legal title but only a contract t,') convey and may ripen into an equitable title upon payment of the consideration. Faddell v. Taylor, Tex.Com.App., 239 S.W. 931, 932.

Bond Issue
Delivery of instruments as covered by term. Vans Agnew v. Fort Myers Drainage Dist., C.C.A.Fla., 69 F.2d 244, 245.


Bond of Indebtedness
Instruments containing promise to pay sum certain under seal and issued in series in nature of corporate securities. Bellefield Co. v. Heiner, D.C.Pa., 26 F.2d 292, 293. A temporary bond in registered form issued by public service corporation. Wisconsin Public Service Corporation v.
United States, D.C.Wis., 40 F.Supp. 327, 330.

Bond of Such Ordinary
Bond that the ordinary gives for the faithful performance of duties as clerk. Jones v. Reed, 58 Ga.App. 72, 197 S.E. 665, 668.


Bond Tenants
In English law. Copyholders and customary tenants are sometimes so called. 2 Bi.Comm. 148.
Bond with Surety Bond executed without surety but accompanied by certified check as substitute. Clinch Valley Lumber Corporation v. Hagan Estates, Inc., 167 Va. 1, 187 S.E. 440, 441.

Bonds of State or Public Corporation State's or city's general obligation bonds. City of Los
Angeles v. Agardy, 1 Ca1.2d 76, 33 P.2d 834, 835. Black's Law Dictionary Revised 4th Ed.-15
 

CIVILIAN: One who is skilled or versed in the civil law. A doctor, professor, or student of the civil law. Also a private citizen, as distinguished from such as belong to the army and navy or (in England) the church.


CIVILITER MORTUUS: Civilly dead; dead in the view of the law. The condition of one who has lost his civil rights and capacities, and is accounted

dead in law. Rasor v. Rasor, 173 S.C. 365, 175 S.E. 545.


CLIENT:  A person who employs or retains an attorney, or counsellor, to appear for him in
courts, advise, assist, and defend him in legal proceedings, and to act for him in any legal business. McCreary v. Hoopes, 25 Miss. 428; McFarland v. Crary, 6 Wend., N.Y., 297; Cross v. Riggins, 50 Mo. 335. It should include one who disclosed confidential matters to attorney while seeking professional aid, whether attorney was employed or not. Sitton v. Peyree, 117 Or. 107, 241 P. 62, 64. 


CHARGE: CHARGE, n. An incumbrance, lien, or claim; a burden or load; an obligation or duty; a liability;
an accusation. Darling v. Rogers, 22 Wend. (N. Y.) 491. Custody. Randazzo v. U. S., C.C.A.Mo., 

300 F. 794, 797; In re Boulware's Will, 258 N.Y.S. 522, 144 Misc. 235. Price. Aiken Mills v. United
States, D.C.S.C., 53 F.Supp. 524, 526. Rate. Borough of Mechanicsburg v. Valley Rys., 109 Pa.
Super. 48, 165 A. 541, 542.


Conversion' of electrical energy into chemical energy within a cell or storage battery. Elliott
Works v. Frisk, D.C.Iowa, 58 F.2d 820, 822. 


In Common-law Practice The final address by judge to jury before verdict, in which he sums up the case, and instructs jury as to the rules of law which apply to its various issues, and which
they must observe. The term also applies to the address of court to grand jury, in which the latter are instructed as to their duties.


                                                                      In Contracts
An obligation. Com.Dig. "Rent," c. 6; 2 Ball & B. 223; Termes de la Ley. An undertaking to keep the custody of another person's goods. State v. Clark, 86 Me. 194, 29 A. 984.

                                                                       In Criminal Law
An accusation or oral charge. People v. Ross, 235 Mich. 433, 209 N.W. 663, 666; Haggard v. First Nat. Bank of Mandan, 72 N.D. 434, 8 N.W.2d 5, 9. A formal complaint, information, or indictment. People v. Lepori, 35 Cal.App. 60, 169 P. 692, 694. A count. State v. Thornton, 142 La.
797, 77 So. 634, 636; State v. Pucketty, 39 N.M. 511, 50 P.2d 964, 965. Accused or arraigned. Code Cr.Proc. § 57. People v. Hickox, 10 N.Y.S.2d 318, 320, 170 Misc. 354.

                                                                       In Equity Pleading
An allegation in the bill of matters which disprove or avoid a defense which it is alleged the defendant is supposed to pretend or intend to set up. Story, Eq.P1. § 31; Cooper, Eq.P1. 11; 1 Dan.Ch.Pr. 372, 1883, n.; 11 Ves.Ch. 574.


                                                                      In Equity Practice
A written statement presented to a master in chancery by a party of the items with which the opposite party should be debited or should account for, or of the claim of the party making it. A charge may embrace the whole liabilities of the accounting party. Hoff.Mast. 36.

                                                                          In Scotch Law
The command of the king's letters to perform some act; as a charge to enter heir. Also a messenger's execution, requiring a person to obey the order of the king's letters; as a charge on letters of horning, or a charge against a superior. Bell.

                                                                       In the Law of Wills
A responsibility or liability imposed by the testator upon a devisee personally, or upon the land devised. Potter v. Gardner, 12 Wheat. 498, 6 L. Ed. 706; Boal v. Metropolitan Museum of Art of City of New York, C.C.A.N.Y., 298 F. 894, 908. A pecuniary burden. In re Clark's Will, 37 N.Y.S.2d 522, 523, 179 Misc. 75.


A devise for beneficial enjoyment of devisee subject to payment of a sum of money or performance of a particular duty. Howells State Bank v. Pont, 113 Neb. 181, 202 N.W. 457, 459.

                                                                        General Charge
The charge or instruction of the court to the jury upon the case, as a whole, or upon its general features and characteristics.

                                                                         Public Charge
A person whom it is necessary to support at public expense by reason of poverty, insanity and poverty, disease and poverty, or idiocy and poverty. Wallis v. U. S., ex rel. Mannara, C.C.A.N.Y., 273 F. 509, 511. 


As used in Immigration Act Feb. 5, 1917, § 19, 8 U.S.C.A. § 155, one who produces a money charge on, or an expense to, the public for support and care. Ex parte Kichmiriantz, D.C.Cal., 283 F. 697, 698. As so used, the term is not limited to paupers or those liable to become such, but includes those who will not undertake honest pursuits, or who are likely to become
periodically the inmates of prisons. Ex parte Horn, D.C. Wash., 292 F. 455, 457. But see Ng Fung Ho v. White, C.C.A.Cal., 266 F. 765, 769.
 

Special Charge: A charge or instruction given by the court to the jury, upon some particular point or question involved in the
case, and usually in response to counsel's request for such
instruction.
 

CHARTER, n. An instrument emanating from the sovereign power, in the nature of a grant,

either to the whole nation, or to a class or portion

of the people, or to a colony or dependency, and

assuring to them certain rights, liberties, or

powers.

 

CHARGE—OFF: Anything manifesting intent to eliminate an item from assets. Rubinkam v. Commissioner of Internal Revenue, C.C.A.7, 118 F.2d 148, 149.
 

 


COUPON: (WIKIPEDIA)

In marketing, a coupon is a ticket or document that can be redeemed for a financial discount or rebate when purchasing a product. 


Customarily, coupons are issued by manufacturers of consumer packaged goods or by retailers, to be used in retail stores as a part of sales promotions. They are often widely distributed through mail, coupon envelopes, magazines, newspapers, the Internet (social media, email newsletter), directly from the retailer, and mobile devices such as cell phones.

The New York Times reported "more than 900 manufacturers' coupons were distributed" per household, and that "the United States Department of Agriculture estimates that four families in five use coupons. "Only about 4 percent" of coupons received were redeemed. Coupons can be targeted selectively to regional markets in which price competition is great.


Most coupons have an expiration date, although American military commissaries overseas honor manufacturers' coupons for up to six months past the expiration date.


CHARTER, n. An instrument emanating from the sovereign power, in the nature of a grant, either to the whole nation, or to a class or portion of the people, or to a colony or dependency, and assuring to them certain rights, liberties, or powers.

A charter differs from a constitution, in that the former

is granted by the sovereign, while the latter is established

by the people themselves.



COUPON (Investopedia): A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a year divided by the face value of the bond in question).

It is also referred to as the "coupon rate," "coupon percent rate" and "normal yield." 


COUPON BOND: The term "coupon" originally refers to actual detachable coupons affixed to bond certificates. Bonds with coupons, known as coupon bonds or bearer bonds, are not registered, meaning that possession of them constitutes ownership. To collect an interest payment, the investor has to present the physical coupon.


Bearer bonds were once common. While they still exist, they have fallen out of favor for two reasons. First, an investor whose bond is lost, stolen, or damaged has functionally no recourse or hope of regaining their investment. Second, the anonymity of bearer bonds has proven attractive to money launderers. A 1982 U.S. law significantly curtailed the use of bearer bonds, and all Treasury-issued bearer bonds are now past maturity.

Today, the vast majority of investors and issuers alike prefer to keep electronic records on bond ownership. Even so, the term "coupon" has survived to describe a bond's nominal yield.


COURT:

                                                           International Law
The person and suite of the sovereign; the place where the sovereign sojourns with his regal retinue, wherever that may be. The English government is spoken of in diplomacy as the court of St. James, because the palace of St. James is the official palace.

                                                                   Practice
An organ of the government, belonging to the
judicial department, whose function is the application of the laws to controversies brought before it and the public administration of justice. White County v. Gwin, 136 Ind. 562, 36 N.E. 237, 22 L.. R.A. 402; Bradley v. Town of Bloomfield, 85 N.J. Law, 506, 89 A. 1009.


The presence of a sufficient number of the members of such a body regularly convened in an authorized place at an appointed time, engaged in the full and regular performance of its functions. Brumley v. State, 20 Ark. 77; Wightman v. Karsner, 20 Ala. 446.


A body in the government to which the administration of justice is delegated. A body organized to administer justice, and including both judge and jury. Houston Belt & Terminal Ry. Co. v.
Lynch, Tex.Com.App., 221 S.W. 959, 960; People ex rel. Thaw v. Grifenhagen, Sup., 154 N.Y.S. 965,
970; Peterson v. Fargo-Moorhead St. Ry. Co., 37 N.D. 440, 164 N.W. 42, 49.


A tribunal officially assembled under authority of law at the appropriate time and place, for the administration of justice. In re Carter's Estate, 254 Pa. 518, 99 A. 58. An agency of the sovereign created by it directly or indirectly under its authority, consisting of one or more officers, established and maintained for the purpose of hearing and determining issues of law and fact regarding legal rights and alleged violations thereof, and of applying the sanctions of the law, authorized to exercise its powers in due course of law at times and places previously determined by lawful authority. Isbill v. Stovall, Tex.Civ.App., 92 S.W.2d 1067, 1070.


An incorporeal, political being, composed of one or more judges, who sit at fixed times and places, attended by proper officers, pursuant to lawful authority, for the administration of justice. State v. Le Blond, 108 Ohio St. 126, 140 N.E. 510, 512. An organized body with defined
powers, meeting at certain times and places for the hearing and decision of causes and other matters brought before it, and aided in this, its proper business, by Its proper officers, viz., attorneys and counsel to present and manage the business, clerks to record and attest its acts
and decisions, and ministerial officers to execute its commands, and secure due order in its proceedings. Ex parte Gardner, 22 Nev. 280, 39 P. 570; Hertzen v. Hertzen, 104
Or. 423, 208 P. 580, 582.


It is a passive forum for adjusting disputes and has no power to investigate facts or to initiate proceedings. Sale v. Railroad Commission, 15 Ca1.2d 612, 104 P.2d 38, 41.


The place where justice is judicially administered. Co. Litt. 58a; 3 Bl. Comm. 23. Railroad Co.
v. Harden, 113 Ga. 456, 38 S.E. 950; Croft v. Croft, 119 N.J.Eq. 468, 182 A. 853.


The judge, or the body of judges, presiding over a court.


The words "court" and "judge," or "judges," are frequently used in statutes as synonymous. When used with reference to orders made by the court or judges, they are to be so understood. State v. Caywood, 96 Iowa, 367, 65 N.W. 385; Sale v. Railroad Commission, 15 Ca1.2d 612, 104 P.2d 38, 41.


The word "court" is often employed in statutes otherwise than in its strict technical sense, and is applied to various tribunals not judicial in their character, State v. Howat, 107 Kan. 423, 191 P. 585, 589; for example, in New Jersey, the "court of pardons"; In re Court of Pardons, 97 N.J.Eq. 555, 129 A. 624, 625.


                                                                       Classification
Courts may be classified and divided according to several methods, the following being the more usual: 


Courts of record and courts not of record-The former being those whose acts and judicial proceedings are enrolled, or recorded, for a perpetual memory and testimony, and which have power to fine or imprison for contempt. Error lies to their judgments, and they generally possess a seal.


Courts not of record
- are those of inferior dignity, which have no power to fine or imprison, and in which the proceedings are not enrolled or recorded. 3 Bl. Comm. 24; 3 Steph. Comm. 383; The
Thomas Fletcher, C.C.Ga., 24 F. 481; Ex parte Thistleton, 52 Cal. 225; Erwin v. U. S., D.C.Ga., 37 F. 488, 2 L.R.A. 229; Heininger v. Davis, 96 Ohio St. 205, 117 N.E. 229, 231.


A "court of record" - is a judicial tribunal having attributes and exercising functions independently of the person of the magistrate designated generally to hold it, and proceeding according to the course of common law, its acts and proceedings being enrolled for a perpetual memorial. Jones v. Jones, 188 Mo.App. 220, 175 S.W. 227, 229; Ex parte Gladhill, 8 Metc., Mass., 171, per Shaw, C. J. See, also, Ledwith v. Rosalsky, 244 N.Y. 406, 155 N.E. 688, 689.


Courts may be at the same time of record for some purposes and not of record for others. Lester v. Redmond, 6 Hill, N.Y., 590; Ex parte Gladhill, 8 Metc., Mass., 168.


Superior and inferior courts-The former being courts of general original jurisdiction in the first
instance, and which exercise a control or supervision over a system of lower courts, either by appeal, error, or certiorari; the latter being courts of small or restricted jurisdiction, and subject to the review or correction of higher courts. Sometimes the former term is used to denote a particular group or system of courts of high powers, and all others are called "inferior courts."


To constitute a court a superior court as to any class of actions, within the common-law meaning of that term, its jurisdiction of such actions must be unconditional, so that
the only thing requisite to enable the court to take cognizance of them is the acquisition of jurisdiction of the persons of the parties. Simons v. De Bare, 4 Bosw., N.Y., 547.


An inferior court-is a court whose judgments or decrees can be reviewed, on appeal or writ of error, by a higher tribunal, whether that tribunal be the circuit or supreme court. Nugent v. State, 18 Ala. 521.


Civil and criminal courts-The former being such as are established for the adjudication of controversies between subject and subject, or the ascertainment, enforcement, and redress of private rights; the latter, such as are charged with the administration of the criminal laws, and the punishment of wrongs to the public.


Equity courts and law courts-The former being such as possess the jurisdiction of a chancellor, apply the rules and principles of chancery law, and follow the procedure in equity; the latter,
such as have no equitable powers, but administer justice according to the rules and practice of the common law.


As to the division of courts according to their jurisdiction, see Jurisdiction.


As to several names or kinds of courts not specifically described in the titles immediately following, see Arches Court, Appellate, Circuit Courts, Consistory Courts, County, Customary
Court-Baron, Ecclesiastical Courts, Federal Courts, Forest Courts, High Commission Court,
Instance Court, Justice Court, Justiciary Court, Legislative Courts, Maritime Court, Mayor's Court,  Moot Court, Municipal Court, Orphans' Court, Police Court, Prerogative Court, Prize Court, Probate Court, Superior Courts, Supreme Court, and Surrogate's Court.

As to court-hand, court-house, court-lands, court rolls, courtyard, see those titles in their alphabetical order infra.


                                                                       General
Court above, court below. In appellate practice, the "court above" is the one to which a cause
is removed for review, whether by appeal, writ of error, or certiorari; while the "court below" is
the one from which the case is removed. Going v. Schnell, 6 Ohio Dec. 933.


Court in bank-A meeting of all the judges of a court, usually for the purpose of hearing arguments on demurrers, points reserved, motions for new trial, etc., as distinguished from sessions of the same court presided over by a single judge or justice.


Court of competent jurisdiction-One having power and authority of law at the time of acting
to do the particular act. Ex parte Plaistridge, 68 Okl. 256, 173 P. 646, 647.


One having jurisdiction under the state Constitution and laws to determine the question in controversy. Texas Employers' Ins. Ass'n v. Nunamaker, Tex.Civ.App., 267 S. W. 749, 751. A court for the administration of justice as established by the Constitution or statute. Bradley v.
Town of Bloomfield, 85 N.J.Law, 506, 89 A. 1009.


Court of limited jurisdiction-When a court of general jurisdiction proceeds under a special
statute, it is a "court of limited jurisdiction" for the purpose of that proceeding, and its jurisdiction must affirmatively appear. Osage Oil & Refining Co. v. Interstate Pipe Co., 124 Okl. 7, 253 P.
66, 71.


De facto court-One established, organized, and exercising its judicial functions under authority
of a statute apparently valid, though such statute may be in fact unconstitutional and may be afterwards so adjudged; or a court established and acting under the authority of a de facto government. 1 Bl. Judgm. § 173; In re Manning, 139 U.S. 504, 11 S.Ct. 624, 35 L.Ed. 264; Gildemeister V. Lindsay, 212 Mich, 299, 180 N.W. 633, 635.


Full court. A session of a court, which is attended by all the judges or justices composing it.

Spiritual courts. In English law. The ecclesiastical courts, or courts Christian. See 3 Bl.
Comm. 61.
 

COURT OF APPEALS: In American law. An appellate tribunal which, in Kentucky, Maryland,
the District of Columbia, and New York, is the court of last resort. In Virginia and West Virginia, it is known as the "supreme court of appeals"; in Connecticut, the Supreme Court of Errors; in Massachusetts and Maine, the Supreme Judicial Court. In other states the court of last resort is known as the Supreme Court. 


In Texas the Courts of Civil Appeals are inferior to the supreme court. The United States is divided into eleven judicial circuits in each of which there is established a court of appeals known as the United States Court of Appeals for the circuit. 28 U.S.C.A. §§ 41, 43.
  

COURT OF CLAIMS: One of the courts of the United States, established in 1855. U. S. v. Klein,
13 Wall., U.S., 128, 144, 20 L.Ed. 519. It consists of a chief justice and four associates, and holds
one annual session. It is located at Washington. Its jurisdiction extends to all claims against the
United States arising out of any contract with the government or based on an act of congress or regulation of the executive, and all claims referred to it by either house of congress, as well as to claims for exoneration by a disbursing officer. Its judgments are, in certain cases, reviewable by the United States supreme court. It has no equity powers. Its decisions are reported and published.


This name is also given, in some of the states, either to a special court or to the ordinary county court sitting "as a court of claims," having the special duty of auditing and
ascertaining the claims against the county and expenses incurred by it, and providing for their payment by appropriations out of the county levy or annual tax. Merlweather v. Muhlenburg County Court, 120 U.S. 354, 7 S.Ct. 563, 30 L.Ed. 653.
   

COURT OF COUNTY COMMISSIONERS: In some states, a court of record in each county.
Thus, in Alabama, it is composed of the judge of probate, as principal judge, and four commissioners, who are elected at the times prescribed by law, and hold office for four years.
 

COURT OF EQUITY: A court which has jurisdiction in equity, which administers justice and
decides controversies in accordance with the rules, principles, and precedents of equity, and which follows the forms and procedure of chancery; as distinguished from a court having the jurisdiction, rules, principles, and practice of the common law. Thomas v. Phillips, 4 Smedes & M., Miss., 423.
 

COURT OF LAW: In a wide sense, any duly constituted tribunal administering the laws of the
state or nation; in a narrower sense, a court proceeding according to the course of the common law and governed by its rules and principles, as contrasted with a "court of equity."
 

COURT OF PROBATE: In English law. The name of a court established in 1857, under the
probate act of that year, (20 & 21 Viet, c. 77,) to be held in London, to which court was transferred the testamentary jurisdiction of the ecclesiastical courts. 2 Steph. Comm. 192. By the judicature acts, this court is merged in the high court of justice.


In American law. A court having jurisdiction over the probate of wills, the grant of administration, and the supervision of the management and settlement of the estates of decedents, including the collection of assets, the allowance of claims, and the distribution of the estate. In some states the probate courts also have jurisdiction of the estates of minors, including the appointment of guardians and the settlement of their accounts, and of the estates of lunatics, habitual drunkards, and spendthrifts. Pons v. Pons, 132 La. 370, 61 So. 406, 407. And in some states these courts possess a limited jurisdiction in civil, and criminal cases. They are also called in some jurisdictions "orphans' courts" and "surrogate's courts.
 

CUSTOMER: One who regularly or repeatedly makes purchases of, or has business dealings with, a tradesman or business house. Aiken Mills v. United States, D.C.S.C., 53 F.Supp. 524, 526; Arkwright Corporation v. United States, D.C.Mass., 53 F.Supp. 359, 361. Ordinarily, one who has had repeated business dealings with another. Lyons v. Otter Tail Power Co., 70 N.D. 681, 297 N.W. 691, 693; Gallopin v. Continental Casualty Co., 290 Ill. App. 8, 7 N.E.2d 771, 774. A buyer, purchaser, or patron. Nichols v. Ocean Accident & Guarantee Corporation, 70 Ga.App. 169, 27 S.E.2d 764, 766.
 

COLOR: An appearance, semblance, or simulacrum, as distinguished from that which is real. A prima facie or apparent right. Hence, a deceptive appearance; a plausible, assumed exterior, concealing a lack of reality; a disguise or pretext. Railroad Co. v. Allfree, 64 Iowa 500, 20 N.W.779; Broughton v. Haywood, 61 N.C. 383; Wilt v.Bueter, 186 Ind. 98, 111 N.E. 926, 929.

In pleading. Ground of action admitted to subsist in the opposite party by the pleading of one of the parties to an action, which is so set out as to be apparently valid, but which is in reality legally insufficient.


COLOR OF AUTHORITY: That semblance or presumption of authority sustaining the acts of a public officer which is derived from his apparent title to the office or from a writ or other process in his hands apparently valid and regular. State v.Oates, 86 Wis. 634, 57 N.W. 296, 39 Am.St.Rep. 912.


COLOR OF LAW: The appearance or semblance, without the substance, of legal right. State v.Brechler, 185 Wis. 599, 202 N.W. 144, 148.


COLOR OF OFFICE: An act unjustly done by the countenance of an office, being grounded upon corruption, to which the, office is as a shadow and color. Plow. 64. Day v. National Bond & Investment Co., Mo.App., 99 S.W.2d 117, 119.


IMPAIRING THE OBLIGATION OF CONTRACTS: A law which impairs the obligation of a contract is one which renders the contract in itself less valuable or less enforceable, whether by
changing its terms and stipulations, its legal qualities and conditions, or by regulating the remedy for its enforcement. City of Indianapolis v. Robison, 186 Ind. 660, 117 N.E. 861.

To "impair the obligation of a contract" within Const. U.S. art. 1, § 10, is to weaken it, lessen its value, or make it worse in any respect or in any degree, and any law which changes the intention and legal effect of the parties, giving to one a greater and to the other a less interest or benefit, or which imposes conditions not included in the contract or dispenses with the performance of those included, impairs the obligation of the contract. O'Connor
v. Hartford Accident & Indemnity Co., 97 Conn. 8, 115 A. 484, 486.


A statute "impairs the obligation of a contract" when by its terms it nullifies or materially changes existing contract obligations. Oil Fork Development Co. v. Huddleston, 202 Ky. 261, 259 S.W. 334, 335; McNee v. Wall, D.C.Fla., 4 F.Supp. 496, 498.


The word "impair" means, according to the standard writers in our language, simply "to diminish; to injure; to make worse," etc. It is remarkable that in framing the provision of the federal Constitution providing that no law should be passed, "impairing the obligation of any contract," the convention did not use the term "lessen" or "decrease" or "destroy," but one more comprehensive, which prohibited making worse in any respect a contract
legitimate in its creation. The object, then, of its provision, may have been to establish an important principle, and that was the entire inviolability of contracts. Blair v. Williams, 14 Ky. (4 Litt.) 34, 35; Lapsley v. Brashears, 14 Ky. (4 Litt.) 47, 69. See 2 Story, Const. §§ 1374-1399; 1 Kent, Comm. 413-422; Pom. Const. Law; Black, Const. Law (3d Ed.) p. 720 et seq.
 

IMPOSE: To levy or exact as by authority; to lay as a burden, tax, duty or charge. State v.
Nickerson, 97 Neb. 837, 151 N.W. 981, 982. 


1. force (something unwelcome or unfamiliar) to be accepted or put in place.

"the decision was theirs and was not imposed on them by others"


2. take advantage of someone by demanding their attention or commitment. 

similar words: Force, thrust, obtrude, trick, exploit, take liberties with, misuse, manipulate, inflict.
 
INALIENABLE: Not subject to alienation; the characteristic of those things which cannot be bought or sold or transferred from one person to another, such as rivers and public highways, and certain personal rights; e. g., liberty. 


Basic Dictionary Definition of Inalienable: Noun (1) Rights that are not alienable. (2) Rights that are not transferable or capable of being taken away or nullified Origin 1635-1645 French inalienable. The Declaration of Independence gives us three examples of inalienable right, and they are Life, Liberty and the Pursuit of Happiness!

For instance, it may be that you are traveling on a public road and may get stopped by policy person or a policeman. Did that policeman really have the authority to pull you over. They went to the academy to uphold policies, statutes, codes and ordinances, most of them did not study law.   


  JUDICIAL NOTICE. The act by which a court,
in conducting a trial, or framing its decision, will,
of its own motion, and without the production of
evidence, recognize the existence and truth of
certain facts, having a bearing on the controversy
at bar, which, from their nature, are not properly
the subject of testimony, or which are universally regarded as established by common notoriety,
e. g., the laws of the state, international law, historical events, the constitution and course of nature, main geographical features, etc. North
Hempstead v. Gregory, 53 App.Div. 350, 65 N.Y.S.
867; State v. Main, 69 Conn. 123, 37 A. 80, 36 L.R.
A. 623, 61 Am.St.Rep. 30. The cognizance of certain facts which judges and jurors may properly
take and act upon without proof, because they already know them. United States v. Hammers, D.
C.Fla., 241 F. 542, 543.


The true conception of what is "judicially known" is
that of something which is not, or rather need not be,
unless the tribunal wishes it, the subject of either evidence
or argument. Chiulla de Luca v. Board of Park Com'rs of
City of Hartford, 94 Conn. 7, 107 A. 611, 612. The limits of
"judicial notice" cannot be prescribed with exactness, but
notoriety is, generally speaking, the ultimate test of facts
sought to be brought within the realm of judicial notice;
in general, it covers matters so notorious that a production
of evidence would be unnecessary, matters which the judicial function supposes the judge to be acquainted with
actually or theoretically, and matters not strictly included
under either of such heads. Gottstein v. Lister, 88 Wash.
462, 153 P. 595, 602, Ann.Cas.1917D, 1008.


JUDICIAL OATH. See Oath.

JUDICIAL OFFICE. Offices which relate to the
administration of justice; Waldo v. Wallace, 12
Ind. 569; and which should be exercised by persons of sufficient skill and experience in the duties
which appertain to them. A general term including courts of record and courts not of record.
Buckley v. Holmes, 259 Pa. 176, 102 A. 497, 500.
A. term used In 34 & 35 Vict. c. 91, to define qualifications
of additional members of the judicial committee of the
Privy Council.

JUDICIAL OFFICER. The term, in the popular
sense, applies generally to an officer of a court,
but in the strictly legal sense applies only to an
officer who determines causes between parties or
renders decision in a judicial capacity. Hitt v.
State, 182 Miss. 184, 181 So. 331; Alexander v.
Holmes, 180 Ga. 397, 179 S.E. 77, 78. One who exercises judicial function. Adams v. State, 214 Ind.
603, 17 N.E.2d 84, 118 A.L.R. 1095. A person in
whom is vested authority to decide causes or exercise powers appropriate to a court. Settle v. Van
Evrea, 49 N.Y. 284; People v. Wells, 2 Cal. 203;
Reid v. Hood, 2 Nott & McC., S.C., 170, 10 Am.
Dec. 582,
 


LICENSE: Certificate or the document itself which gives permission. Aldrich v. City of Syracuse, 236 N.Y.S. 614, 617, 134 Misc. 698. Permission or authority. Independent School Dist., Class A, No. 1, Cassia County v. Pfost, 51 Idaho 240, 4 P.2d 893, 897; Monsour v. City of Shreveport, 194 La. 625, 194 So. 569, 571; Platt v. Bender, La.App., 178 ,So. 678, 682. 


Authority or liberty given to do or forbear any act. Monsour v. City of Shreveport, 194 La. 625, 194 So. 569, 571. Leave to do thing which licensor could prevent. Western Electric Co. v. Pacent Reproducer Corporation, C.C.A.N.Y., 42 F.2d 116, 118.   


Permission by some competent authority to do some act which, without such permission, would be illegal. State ex rel. Zugravu v. O'Brien, 130 Ohio St. 23, 196 N.E. 664; Solberg v. Davenport, 211 Iowa, 612, 232 N.W. 477, 480; Standard Oil Co. (Indiana) v. State Board of Equalization, 110 Mont. 5, 99 P.2d 229, 234.

   
Permission to do a particular thing, to exercise a certain privilege or to carry on a particular business or to pursue a certain occupation. Blatz Brewing Co. v. Collins, Cal.App. 160 P.2d 37, 39, 40.   


Permission to do something which Without the license would not be allowable. City of Shreveport v. Brister, 194 La. 615, 194 So. 566, 567. Great Atlantic & Pacific Tea Co. v. City of Lexington, 256 Ky. 595, 76 S.W.2d 894, 896. Privilege from state or sovereign. M. Itzkowitz & Sons v. Geraghty, 247 N.Y.S. 703, 704, 139 Misc. 163; Alabama Power Co. v. Federal Power Commission, 75 U.S.App.D.C. 315, 128 F.2d 280, 289. Revocable certificate of convenience and necessity. Ex parte Lockhart, 350 Mo. 1220, 171 S.W.2d 660, 666.  

 
To "license" means to confer right or power which does not exist with• out it. Inter-City Coach Lines v. Harrison, 172 Ga. 390 157 S.E. 673, 676; S. S. Kresge Co. v. City of Bluefield, 117 W.Va. 17, 183 S.E. 601, 602 


PROMISSORY ESTOPPEL: That which arises when there is a promise which promisor should
reasonably expect to induce action or forbearance of a definite and substantial character on part of promisee, and which does induce such action or forbearance, and such promise is binding if injustice can be avoided only by enforcement of promise. New Eureka Amusement Co. v. Rosinsky, 126 Pa.Super. 444, 191 A. 412, 415. 


To constitute "waiver without consideration," there must be promise or permission, express or implied in fact, supported only by action in reliance thereon, to excuse performance in future of condition or obligation not due at time when promise is made, or to give up defense not yet arisen, and such facts do not constitute "estoppel" because there is no misrepresentation of existing facts, but it may be called "promissory estoppel." Colbath v. H. B. Stebbins Lumber Co., 127 Me. 406, 144 A. 1, 5.

PROMISSORY NOTE: A promise or engagement, in writing, to pay a specified sum at a time
therein limited, or on demand, or at sight, to a person therein named, or to his order, or bearer. Byles, Bills, 1, 4; Hall v. Farmer, 5 Denio, N.Y., 484. A written promise made by one or more to pay another, or order, or bearer, at a specified time, a specific amount of money, or other articles of value. Pryor v. American Trust & Banking Co., 15 Ga.App. 822, 84 S.E. 312, 314. 


An unconditional written promise, signed by the maker, to pay absolutely and at all events a sum certain in money, either to the bearer or to a person therein designated or his order, Benj. Chalm. Bills & N. art. 271; Harrison v. Beals, 111 Or. 563, 222 P. 728, 730; at a time specified therein, or at a time which must certainly arrive. Iowa State Savings
Bank v. Wignall, 53 Okl. 641, 157 P. 725; Lanum v. Harrington, 267 Ill. 57, 107 N.E. 826, 828.

A written promise to pay a certain sum of money, at a future time, unconditionally. Brooks v. Owen, 112 Mo. 251, 19 S.W. 723, 20 S.W. 492. By the Uniform Negotiable Instruments Act, a negotiable promissory note is defined as an unconditional promise in writing made by one person to another signed by the maker engaging to pay on demand, or at a fixed or determinable future time, a sum certain in money to order or to bearer. Where a note is
drawn to the maker's own order, it is not complete until indorsed by him. Section 184.
 

PROMOTE: To contribute to growth, enlargement, or prosperity of; to forward; to further;
to encourage; to advance. People v. Augustine, 232 Mich. 29, 204 N.W. 747, 749.
 

                                                               Corporation Law
The persons who, for themselves or others, take the preliminary steps to the organization of a corporation. 1 Thompson on Corporations, § 81. McRee v. Quitman Oil Co., 16 Ga.App. 12, 84 S.E. 487; Alkire v. Acuff, 134 Okl. 43, 272 P. 405, 407. Those persons who first associate themselves together for the purpose of organizing the company, issuing its prospectus, procuring subscriptions to the stock, securing a charter, etc. See Dickerman v. Northern Trust Co., 20 S.Ct. 311, 176 U.S. 181, 44 L.Ed. 423.

                                                               Ecclesiastical Law
One who puts in motion an ecclesiastical tribunal, for the purpose of correcting the manners
of any person who has violated the laws ecclesiastical; and one who takes such a course is
said to "promote the office of the judge." See Mozley & Whiteley.

                                                                    England
The term is also applied to persons or corporations at whose instance private bills are introduced into and passed through parliament, especially those who press forward bills for the taking of land for railways and other public purposes, who are then called promoters of the undertaking.

                                                                English Practice
Those persons who, in popular and penal actions, prosecute offenders in their own names and
that of the king, and are thereby entitled to part of the fines and penalties for their pains. Brown.
 

PURCHASE: Transmission of property from one person to another by voluntary act and agreement, founded on a valuable consideration. Spur Independent School Dist. v. W. A. Holt Co., Tex. Civ.App., 88 S.W.2d 1071, 1073. In a technical and broader meaning relative to land generally means, the acquisition of real estate by any means whatever except by descent. Kelly v. Southworth, 38 Wyo. 414, 267 P. 691, 692. Lindburg v. Bennett, 117 Neb. 66, 219 N.W. 851, 855. Oklahoma City v. Board of Education of Oklahoma City, 181 Ok!. 539, 75 P.2d 201.

Quasi purchase. In the civil law. A purchase of property not founded on the actual agreement
of the parties, but on conduct of the owner which is inconsistent with any other hypothesis than that he intended a sale.

Words of purchase. Words which denote the person who is to take the estate. Thus, if I grant
land to A. for twenty-one years, and after the determination of that term to A.'s heirs, the word
"heirs" does not denote the duration of A.'s estate, but the person who is to take the remainder on the expiration of the term, and is therefore called a "word of purchase." Williams, Real Prop.; Fearne, Rem. 76, et seq.
 

PURCHASE MONEY: The consideration in money paid or agreed to be paid by the buyer to the
seller of property, particularly of land. It means money stipulated to be paid by a purchaser to his vendor, and does not include money the purchaser may have borrowed to complete his purchase.

Purchase money, as between vendor and vendee only, is contemplated; as between purchaser and lender, the money is "borrowed money." Williams v. American Slicing Mach. Co., 148 Ga. 770, 98 S. E. 270, 271. As used with reference to part performance under statute of frauds comprehends consideration, whether it be money or property or services, for which lands are to be conveyed. Hall v. Haer, 160 Okl. 118, 16 P.2d 83, 84. 


SECURE: To give security; to assure of payment, performance, or indemnity; to guaranty
or make certain the payment of a debt or discharge of an obligation. Ex parte Reynolds, 52
Ark. 330, 12 S.W. 570.


One "secures" his creditor by giving him a lien, mortgage, pledge, or other security, to be used in case the debtor fails to make payment. Also, not exposed to danger; safe; so strong, stable or firm as to insure safety. Wenzel & Henoch Const. Co. v. Industrial Commission, 202 Wis.
595, 233 N.W. 777, 779
 

SECURED CREDITOR: A creditor who holds some special pecuniary assurance of payment of
his debt, such as a mortgage or lien. In re New York Title and Mortgage Co., 160 Misc. 67, 289
N.Y.S. 771, 785, 160 Misc. 67.
 

SECURITIES: Evidences of debts or of property. State v. Allen, 216 N.C. 621, 5 S.E.2d 844, 80, 847.
Evidences of obligations to pay money or of rights to participate in earnings and distribution of corporate, trust, and other property. Oklahoma-Texas Trust v. Securities and Exchange Commission, C.C.A.10, 100 F.2d 888, 890.


SECURITY: Protection; assurance; indemnification. The term is usually applied to an obligation,
pledge, mortgage, deposit, lien, etc., given by a debtor in order to make sure the payment or performance of his debt, by furnishing the creditor with a resource to be used in case of failure in the principal obligation. The name is also sometimes given to one who becomes surety or guarantor for another. Bissinger & Co. v.

BLACK'S LAW DICTIONARY REVISED 4TH ED. Sec 2

Definitions Continued

 SECURE: To give security; to assure of payment, performance, or indemnity; to guaranty or make certain the payment of a debt or discharge of an obligation. Ex parte Reynolds, 52 Ark. 330, 12 S.W. 570.One "secures" his creditor by giving him a lien, mortgage, pledge, or other security, to be used in case the debtor fails to make payment. Also, not exposed to danger; safe; so strong, stable or firm as to insure safety. Wenzel & Henoch Const. Co. v. Industrial Commission, 202 Wis. 595, 233 N.W. 777, 779    SECURED CREDITOR: A creditor who holds some special pecuniary assurance of payment of his debt, such as a mortgage or lien. In re New York Title and Mortgage Co., 160 Misc. 67, 289 N.Y.S. 771, 785, 160 Misc. 


67.    SECURITIES: Evidences of debts or of property. State v. Allen, 216 N.C. 621, 5 S.E.2d 844, 80, 847. Evidences of obligations to pay money or of rights to participate in earnings and distribution of corporate, trust, and other property. Oklahoma-Texas Trust v. Securities and Exchange Commission, C.C.A.10, 100 F.2d 888, 890. SECURITY: Protection; assurance; indemnification. The term is usually applied to an obligation, pledge, mortgage, deposit, lien, etc., given by a debtor in order to make sure the payment or performance of his debt, by furnishing the creditor with a resource to be used in case of failure in the principal obligation. The name is also sometimes given to one who becomes surety or guarantor for another. Bissinger & Co. v. 


BENEFICIAL INTEREST Profit, benefit, or advantage resulting from a contract, or the ownership of an estate as distinct from the legal ownership or control. People v. Schaefer, 266 Ill.
334, 107 N.E. 617, 619; Christiansen v. Department of Social Security, 15 Wash.2d 465, 131 P.2d
189, 191, 192.


When considered as designation of character of an estate,
is such an interest as a devisee, legatee, or donee takes
solely for his own use or benefit, and not as holder of title for use and benefit of another. People v. Northern
Trust Co., 330 Ill. 238, 161 N.E. 525, 528.
 

FRAUD

An intentional perversion of truth for the purpose of inducing another in reliance upon it to part with some valuable thing belonging to him or to surrender a legal right; a false representation of a matter of fact, whether by words or by conduct, by false or misleading allegations, or by concealment of that which should have been disclosed, which deceives and is intended to deceive another so that he shall act upon it to his legal injury. Brainerd Dispatch Newspaper Co. v. Crow Wing County, 196 Minn. 194, 264 N.W. 779, 780. Any kind of artifice employed by one person to deceive another. Goldstein v. Equitable Life Assur. Soc. of U. S., 160 Misc. 364, 289 N.Y.S. 1064, 1067. A generic term, embracing all multifarious means which human ingenuity can devise, and which are resorted to by one individual to get advantage over another by false suggestions or by suppression of truth, and includes all surprise, trick, cunning, dissembling, and any unfair way by which another is cheated. Johnson v. McDonald, 170 Okl. 117, 39 P.2d 150. "Bad faith" and "fraud" are synonymous, and also synonyms of dishonesty, infidelity, faithlessness, perfidy, unfair-ness, etc. Joiner v. Joiner, Tex.Civ.App., 87 S.W. 2d 903, 914, 915. 


It consists of some deceitful practice or willful device, resorted to with intent to deprive another of his right, or some manner to do him an injury. As distinguished from negligence, it is always positive, intentional. Maher v. Hibernia Ins. Co., 67 N.Y. 292; Alexander v. Church, 53 Conn. 561, 4 A. 103; Studer v. Bleistein, 115 N.Y. 316, 22 N.E. 243, 7 L.R.A. 702; McNair v. Southern States Finance Co., 191 N.C. 710, 133 S.E. 85, 88. It comprises all acts, omissions, and concealments involving a breach of a legal or equitable duty and resulting in damage to another. Coppo v. Coppo, 163 Misc. 249, 297 N.Y.S. 744, 750. And includes anything calculated to deceive, whether it be a single act or combination of circumstances, whether the suppression of truth or the suggestion of what is false, whether it be by direct falsehood or by innuendo, by speech or by silence, by word of mouth, or by look or gesture. People v. Gilmore, 345 Ill. 28, 177 N.E. 710, 717. Fraud, as applied to contracts, is the cause of an error bearing on a material part of the contract, created or continued by artifice, with design to obtain some unjust advantage to the one party, or to cause an inconvenience or loss to the other. Civil Code La. art. 1847. Strauss v. Insurance Co. of North America, 157 La. 661, 102 So. 861, 865; Jesse French Piano & Organ Co. v. Gibbon, Tex.Civ.App., 180 S. W. 1185, 1187.


Fraud, in the sense of a court of equity, properly includes all acts, omissions, and concealments which involve a breach of legal or equitable duty, trust, or confidence justly reposed, and are injurious to another, or by which an undue and unconscientious advantage is taken of another. 1 Story, Eq.Jur. § 187; Howard v. West Jersey & S. S. R. Co., 102 N.J.Eq. 517, 141 A. 755, 757. 


Fraud is either actual or constructive. Actual fraud consists in deceit, artifice, trick, design, some direct and active operation of the mind ; it includes cases of the intentional and successful employment of any cunning, deception, or artifice used to circumvent or cheat another; it is something said, done, or omitted by a person with the design of perpetrating what he knows to be a cheat or deception. Constructive fraud consists in any act of commission or omission contrary to legal or equitable duty, trust, or confidence justly reposed, which is contrary to good conscience and operates to the injury of another. Or, as otherwise defined, it is an act, statement or omission which operates as a virtual fraud on an individual, or which, if generally permitted, would be prejudicial to the public welfare, and yet may have been unconnected with any selfish or evil design. Or, according to Story, constructive frauds are such acts or contracts as, though not originating in any actual evil design or contrivance to perpetrate a positive fraud or injury upon other persons, are yet, by their tendency to deceive or mislead other persons, or to violate private or public confidence, or to impair or injure the public interests, deemed equally reprehensible with actual fraud. 1 Story, Eq.Jur. § 258. Code Ga.1882, § 3173 (Civ.Code 1910, § 4622) ; People v. Kelly, 35 Barb., N.Y., 457; Jackson v. Jackson, 47 Ga. 99; Massachusetts Ben. L. Ass'n v. Robinson, 104 Ga. 256, 30 S.E. 918, 42 L.R. A. 261; Allen v. United States Fidelity & Guaranty Co., 269 Ill. 234, 109 N.E. 1035, 1038. 


Fraud is also classified as fraud in fact and fraud in law. The former is actual, positive, intentional fraud. Fraud disclosed by matters of fact, as distinguished from constructive fraud or fraud in law. McKibbin v. Martin, 64 Pa. 356, 3 Am.Rep. 588; Cook v. Burnham, 3 Kan.App. 27, 44 P. 447. Fraud in law is fraud in contemplation of law; fraud implied or inferred by law; fraud made out by construction of law, as distinguished from fraud found by a jury from matter of fact; constructive fraud (q. v.). See 2 Kent, Comm. 512-532; Delaney v. Valentine, 154 N.Y. 692, 49 N.E. 65; Lovato v. Catron, 20 N.M. 168, 148 P. 490, 492, L.R.A.1915E, 451; Furst & Thomas v. Merritt, 190 N.C. 397, 130 S.E. 40, 43. 


Fraud is also said to be legal or positive. The former is fraud made out by legal construction or inference, or the same thing as constructive fraud. Newell v. Wagness, 1 N. D. 62, 44 N.W. 1014. Positive fraud is the same thing as actual fraud. Douthitt v. Applegate, 33 Kan. 395, 6 P. 575, 52 Am.Rep. 533; Nocatee Fruit Co. v. Fosgate, C.C.A. Fla., 12 F.2d 250, 252. 


Actionable fraud. See Actionable. Extrinsic or collateral fraud justifying equitable relief against a judgment or decree means some intentional act or conduct by which the prevailing party has prevented the unsuccessful party from having a fair submission of the controversy. Farley v. Davis, 10 Wash.2d 62, 116 P.2d 263, 268. 


Pious fraud is a subterfuge or evasion considered morally justifiable on account of the ends sought to be promoted; particularly applied to an evasion or disregard of the laws in the interests of religion or religious institutions, such as circumventing the statutes of mortmain. Statute of Frauds. This is the common designation of a very celebrated English statute, (29 Car. II. c. 3,) passed in 1677, and which has been adopted, in a more or less modified form, in nearly all of the United States. Its chief characteristic is the provision that no suit or action shall be maintained on certain classes of contracts or engagements unless there shall be a note or memorandum thereof in writing signed by the party to be charged or by his authorized agent. Its object was to close the door to the numerous frauds and perjuries. It is more fully named as the "statute of frauds and perjuries." Smith v. Morton, 70 Okl. 157, 173 P. 520, 521; Housley v. Strawn Merchandise Co., Tex.Com.App., 291 S.W. 864, 867; Norman v. Bullock County Bank, 187 Ala. 33, 65 So. 371, 372; Garber v. Goldstein, 92 Conn. 226, 102 A. 605, 606.

BANKRUPTCY

The state or condition of one who is a bankrupt; amenability to the bankrupt laws; the condition of one who has committed an act of bankruptcy, and is liable to be proceeded against by his creditors therefor, or of one whose circumstances are such that he is entitled, on his voluntary application, to take the benefit of the bankrupt laws.


The term is used in a looser sense as synonymous with "insolvency,"—inability to pay one's debts; the stopping and breaking up of business because the trader is broken down, insolvent, ruined. Phipps v. Harding, C.C.A.Wis., 70 Fed. 468, 17 C.C.A. 203, 30 L.R.A. 513.


68, 17 C.C.A. 203, 30 L.R.A. 513. It constitutes a branch of equity jurisprudence. In re Flour Mills of America, D.C.Mo., 27 F.Supp. 559, 560. Its purpose is to secure finally to creditors distribution of value of at least part of debtor's assets and to bankrupt discharge from his debts, to end that creditors may be paid as much as may be and that bankrupt may have new start in life. In re Jones, D.C.Mo., 10 F.Supp. 165, 167.


Insolvency means a simple inability to pay as debts should become payable, whereby the debtor's business would be broken up; bankruptcy means the particular legal status, to be ascertained and declared by a judicial decree. In re Black, 2 Ben. 196, Fed.Cas.No.1,457.


The proceedings taken under the bankrupt law, against a person (or firm or company) to have him adjudged a bankrupt, and to have his estate administered for the benefit of the creditors, and divided among them. That branch of jurisprudence, or system of law and practice, which is concerned with the definition and ascertainment of acts of bankruptcy and the administration of bankrupts' estates for the benefit of their creditors and the absolution and restitution of bankrupts.



     Act of Bankruptcy. See Act. 


                                                                 Adjudication of Bankruptcy 


The judgment or decree of a court having jurisdiction, that a person against whom a petition in bankruptcy has been filed, or who has filed his voluntary petition, be ordered and adjudged to be a bankrupt. 


Bankruptcy Courts. Courts for the administration of the bankrupt laws. 


                                                                      Bankruptcy Proceedings 

This term includes all proceedings in a federal court having jurisdiction in bankruptcy, founded on a petition in bankruptcy and either directly or collaterally involved in the adjudication and discharge of the bankrupt and the collection and administration of his estate. Kidder v. Horrobin, 72 N.Y. 167. See, also, Proceedings in bankruptcy. Steps in administration of estate in bar kruptcy court within summary jurisdiction of bankruptcy court. (Bankr.Act, § 24a, b, 11 U.S.C.A. § 47(a) (b). Childs v. Ultramares Corporation, C.C.A. N.Y., 40 F.2d 474, 477. 


Controversies Arising in Bankruptcy Proceedings. See Proceedings in bankruptcy. 

                                                                      Extension. See Extension. 


Involuntary Bankruptcy. See Voluntary bankruptcy, infra. 


                                                                       Voluntary Bankruptcy 

Bankruptcy (in the sense of proceedings taken under the bankruptcy law) is either voluntary or involuntary; the former where the proceeding is initiated by the debtor's own petition to be adjudged a bankrupt and have the benefit of the law. In re Murray, D.C.Iowa, 96 F. 600; Metsker v. Bonebrake, 2 Sup.Ct. 351, 108 U.S. 66, 27 L.Ed. 654, the latter where he is forced into bankruptcy on the petition of a sufficient number of his creditors. 


  See Bankrupt; Bankrupt Law. 


                                                                          Bankruptcy Rule 

 Allows claim only for amount of debt, less value of security. In re Baker, 333 Pa. 273, 3 A.2d 785, 786.

BANKRUPT LAW

A law for benefit and relief of creditors and their debtors in cases in which the latter are unable or unwilling to pay their debts. Campbell v. Alleghany Corporation, C.C. A.Md., 75 F.2d 947, 951


.Md., 75 F.2d 947, 951. A bankrupt law is distinguished from the ordinary law between debtor and creditor, as involving these three general principles : (1) A summary and immediate seizure of all the debtor's property; (2) a distribution of it among the creditors in general, instead of merely applying a portion of it to the payment of the individual complainant; and (3) the discharge of the debtor from future liability for the debts then existing.


The proceedings taken under the bankrupt law, against a person (or firm or company) to have him adjudged a bankrupt, and to have his estate administered for the benefit of the creditors, and divided among them. That branch of jurisprudence, or system of law and practice, which is concerned with the definition and ascertainment of acts of bankruptcy and the administration of bankrupts' estates for the benefit of their creditors and the absolution and restitution of bankrupts.



BANKRUPT

Originally and strictly, a trader who secretes himself or does certain other acts tending to defraud his creditors. 2 Bl.Comm. 471; Shor v. McGregor, C.C.A.Tex., 108 F.2d 421, 423. In a looser sense, an insolvent person; a brokenup or ruined trader. Everett v. Stone, 3 Story, 453, Fed.Cas.No.4,577. In the English law there were two characteristics which distinguished bankrupts from insolvents : the former must have been a trader and the object of the proceedings against, not by, him. As used in American law, the distinction between a bankrupt and an insolvent is not generally regarded. Sturges v. Crowninshield, 4 Wheat. 122, 4 L.Ed. 529; 2 Kent, 390; McCormick v. Pickering, 4 N.Y. 283. On the continent of Europe, however, the distinction still exists. Holtz.Enc. voc. sig. Bankerott. A person who has committed an act of bankruptcy; one who has done some act or suffered some act to be done in consequence of which, under the laws of his country, he is liable to be proceeded against by his creditors for the seizure and distribution among them of his entire property. Ashby v. Steere, 2 Woodb. & M. 347, 2 Fed. Cas. 15; In re Scott, 21 Fed.Cas. 803; U. S. v. Pusey, 27 Fed.Cas. 632. For "Examination of bankrupt", see Examination. The term includes one against whom involuntary petition has been filed. United States v. Agresti, C.C.A.N.Y., 130 F.2d 152, 153, 154.


A person who, by the formal decree of a court, has been declared subject to be proceeded against under the bankruptcy laws, or entitled, on his voluntary application, to take the benefit of such laws. See Bankruptcy Act July 1, 1898, c. 541, § 1, 30 Stat. 544 (11 USCA § 1).


The leading distinction between a bankrupt law and an insolvent law, in the proper technical sense, consists in the character of the persons upon whom it is designed to operate,—the former contemplating as its objects bankrupts only, that is, traders of a certain description; the latter; insolvents in general, or persons unable to pay their debts. This has led to a marked separation between the two systems, in principle and in practice, which in England has always been carefully maintained, although in the United States it has of late been disregarded. A bankrupt law, moreover, in its proper sense, is a remedy intended primarily for the benefit of creditors; it is set In motion at their instance, and operates upon the debtor against his will, (in invitum,) although in its result it effectually discharges him from his debts. An insolvent law, on the other hand, is chiefly intended for the benefit of the debtor, and' is set in motion at his instance, though possibly less effective as a discharge in its final result. Sturges v. Crowninshield, 4 Wheat. 194, 4 L.Ed. 529; Vanuxen v. Hazlehursts, 4 N.J.Law, 192, 7 Am.Dec. 582; Adams v. Storey, 1 Paine, 79, 1 Fed.Cas. 142; Kunzler v. Kohaus, 5 Hill (N.Y.) 317.


The only substantial difference between a strictly bankrupt law and an insolvent law lies in the circumstance that the former affords relief upon the application of the creditor, and the latter upon the application of the debtor. Martin v. Berry, 37 Cal. 222.

FIDUCIARY

The term is derived from the Roman law, and means (as a noun) a person holding the character of a trustee, or a character analogous to that of a trustee, in respect to the trust and confidence involved in it and the scrupulous good faith and candor which it requires. Svanoe v. Jurgens, 144 Ill. 507, 33 N.E. 955; Stoll v. King, 8 How.Prac.,N.Y., 299. A person having duty, created by his undertaking, to act primarily for another's benefit in matters connected with such undertaking. Haluka v. Baker, 66 Ohio App. 308, 34 N.E.2d 68, 70. As an adjective it means of the nature of a trust; having the characteristics of a trust; analogous to a trust; relating to or founded upon a trust or confidence.

FIDUCIARY CAPACITY

One is said to act in a "fiduciary capacity" or to receive money or contract a debt in a "fiduciary capacity," when the business which he transacts, or the money or property which he handles, is not his own or for his own benefit, but for the benefit of another person, as to whom he stands in a relation implying and necessitating great confidence and trust on the one part and a high degree of good faith on the other part. The term is not restricted to technical or express trusts, but includes also such offices or relations as those of an attorney at law, a guardian, executor, or broker, a director of a corporation, and a public officer. Templeton v. Bockler, 73 Or. 494, 144 P. 405, 409; Madison Tp. v. Dunkle, 114 Ind. 262, 16 N.E. 593. As used in the Bankruptcy Act, § 17, subd. 4, 11 U.S.C.A. § 35, however, the term imports a technical trust, actually and expressly constituted, and not such merely as the law implies, and has no application to debts or obligations merely because they were created under circumstances in which trust or confidence in the popular sense of those terms was reposed in debtor. Culp v. Robey, Tex.Civ.App., 294 S.W. 647, 651; American Agricultural Chemical Co. v. Berry, 110 Me. 528, 87 A. 218, 45 L.R.A., N.S., 1106, Ann.Cas.1915A, 1293.

FIDUCIARY CONTRACT

An agreement by which a person delivers a thing to another on the condition that he will restore it to him. Cicero, de Ofjle, lib. 3, cap. 17; Lee. du Dr.Civ.Rom. § 237. See Chapman v. Forsyth, 2 How., U.S., 202, 11 L. Ed. 236; Fisk v. Sarber, 6 W. & S., Pa., 18; McGinn v. Shaeffer, 7 Watts, Pa., 415.

FIDUCIARY DEBT

A debt founded on or arising from some confidence or trust as distinguished from a "debt" founded simply on contract. Montgomery v. Phillips Petroleum Co., Tex.Civ.App., 49 S.W.2d 967, 973.

FIDUCIARY DEBTORS

Only public officers and trustees, not agents, factors, commission men, and the like, within the meaning of Bankruptcy Act, § 14, subd. 4, 11 U.S.C.A. § 32. Keefauver v. Hey

FIDUCIARY OR CONFIDENTIAL RELATION

A very broad term embracing both technical fiduciary relations and those informal relations which exist wherever one man trusts in or relies upon another. State v. Gautier, 108 Fla. 390, 147 So. 240, 242. One founded on trust or confidence reposed by one person in the integrity and fidelity of another. Kerrigan v. O'Meara, 71 Mont. 1, 227 P. 819, 821.


The origin of the confidence and the source of the influence are immaterial. Quinn v. Phipps, 93 Fla. 805, 113 So. 419, 420, 54 A.L.R. 1173. The relations and duties involved need not be legal but may be moral, social, domestic, or merely personal. Trustees of Jesse Parker Williams Hospital v. Nisbet, 191 Ga. 821, 14 S.E.2d 64, 76. See also, Fiduciary Relation.

FIDUCIARY RELATION

An expression including both technical fiduciary relations and those informal relations which exist whenever one man trusts and relies upon another. Peckham v. Johnson, Tex.Civ.App., 98 S.W.2d 408, 416. It exists where there is special confidence reposed in onewho in equity and good conscience is bound to act in good faith and with due regard to interests of one reposing the confidence. Neagle v. McMullen, 334 Ill. 168, 165 N.E. 605, 608. A relation subsisting between two persons in regard to a business, contract, or piece of property, or in regard to the general business or estate of one of them, of such a character that each must repose trust and confidence in the other and must exercise a corresponding degree of fairness and good faith.


Out of such a relation, the law raises the rule that neither party may exert influence or pressure upon the other, take selfish advantage of his trust, or deal with the subjectmatter of the trust in such a way as to benefit himself or prejudice the other except in the exercise of the utmost good faith and with the full knowledge and consent of that other, business shrewdness, hard bargaining, and astuteness to take advantage of the forgetfulness or negligence of another being totally prohibited as between persons standing in such a relation to each other. Examples of fiduciary relations are those existing between attorney and client, guardian and ward, principal and agent, executor and heir, trustee and cestui que trust, landlord and tenant, etc. Robins v. Hope, 57 Cal. 497; Thomas v. Whitney, 186 Ill. 225, 57 N.E. 808; Central Nat. Bank v. Connecticut Mut. L. Ins. Co., 104 U.S. 68, 26 L.Ed. 693. The relation need not be legal, but may be moral, social, domestic, or merely personal. Miranovitz v. Gee, 163 Wis. 246, 157 N.W. 790, 792; Higgins v. Chicago Title & Trust Co., 312 Ill. 11, 143 N.E. 482, 484. It is one in which, if a wrong arise, the same remedy exists against the wrongdoer on behalf of the principal as would exist against a trustee on behalf of a cestui que trust. Smith v. Smith, 222 Mass. 102, 109 N.E. 830, 832. Sometimes confidential and fiduciary relations are regarded as synonymous; In re Cover's Estate, 188 Cal. 133, 204 P. 583, 588; but on the other hand, a technical distinction may be taken between a "fiducial relation" which is more correctly applicable to legal relationships between parties, such as guardian and ward, administrator and heirs, and other similar relationships, and a "confidential relation" which includes the legal relationships, and also every other relationship wherein confidence is rightfully reposed and is exercised. Roberts v. Parsons, 195 Ky. 274, 242 S.W. 594, 596.

BLACK'S LAW DICTIONARY REVISED 4TH ED. Sec 2

BENEFICIAL POWER

 In New York law and practice. A power which has for its object the donee of the power, and which is to be executed solely for his benefit; as distinguished from a trust power, which has for its object a person other than the donee, and is to be executed solely for the benefit of such person. Jennings v. Conboy, 73 N.Y. 234; In re New York Life Ins. & Trust Co., Sur., 139 N.Y.S. 695, 705; People, by Van Schaick v. New York Title & Mortgage Co., 270 N.Y.S. 473, 150 Misc. 488.

BENEFICIAL USE

The right to use and enjoy property according to one's own liking or so as to derive a profit or benefit from it, including all that makes it desirable or habitable, as light, air, and access; as distinguished from a mere right of occupancy or possession. Reining v. Railroad Co., Super.Ct., 13 N.Y.Supp. 240. 


Such right to enjoyment of property where legal title is in one person while right to such use or interest is in another. Christiansen v. Department of Social Security, 15 Wash.2d 465, 131 P.2d 189, 191.

BENEFICIARY

One for whose benefit a trust is created; a cestui que trust. 195 N.E. 557, 564, 97 A.L.R. 1170. A person having the enjoyment of property of which a trustee, executor, etc., has the legal possession. The person to whom a policy of insurance is payable. Parrott Estate Co. v. McLaughlin. D.C.Cal., 12 F.Supp. 23, 25; Odom v. Prudential Ins. Co. of America, 173 Or. 435, 145 P.2d 480, 482. One receiving benefit or advantage, or one who is in receipt of benefits, profits, or advantage. Bauer v. Myers, C.C.A.Kan., 244 F. 902, 908. For "Favored Beneficiary," see that title

FRAUD IN TREATY

Arises where a person is induced by some fraudulent representation or pretense to execute the very instrument intended to be executed but under a misrepresentation as to the contents thereof. Meyers v. Murphy, 181 Md. 98, 28 A.2d 861, 862.

FRAUD ORDER

A name given to orders issued by the postmaster general, under Rev.St. §§ 3929, 4041, 39 U.S.C.A. §§ 259, 732, for preventing the use of the mails as an agency for conducting schemes for obtaining money or property by means of false or fraudulent pretences, etc. They are not restricted to schemes which lack all the elements of legitimate business, but the statute applies "when a business, even if otherwise legitimate, is systematically and designedly conducted upon the plan of inducing its patrons by means of false representations to part with their money in the belief that they are purchasing something different from, superior to, and worth more than, what is actually sold;" Harris v. Rosenberger, Mo., 145 F. 449, 16 C.C.A. 225, 13 L.R.A.,N.S., 762. The fraud order is issued to the postmaster of the office through which the person affected by it receives his mail. It forbids the post-master to pay any postal money order to the specified person, and instructs the postmaster to return all letters to the senders if practicable, or if not, to the dead letter office, stamped in either case with the word "fraudulent." The method of testing the validity of the fraud order is to apply to the federal court for an injunction to restrain the postmaster from executing it. The decision of the postmaster-general is not the exercise of a judicial function; if he exceeds his jurisdiction, the party injured may have relief in equity; Degge v. Hitchcock, 229 U.S. 162, 33 S.Ct. 639, 57 L. Ed. 1135.

FRAUDULENT CONCEALMENT

The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose. Magee v. Insurance Co., 92 U.S. 93, 23 L.Ed. 699; Small v. Graves, 7 Barb., N.Y., 578. 


The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties ; failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual "fraudulent concealment." Newell Bros. v. Hanson, 97 Vt. 297, 123 A. 208, 210. 


Fraudulent concealment justifying a rescission of a contract is the intentional concealment of some fact known to the party charged, which is material for the party injured to know to prevent being defrauded; the concealment of a fact which one is bound to disclose being the equivalent of an indirect representation that such fact does not exist. Long v. Martin, Tex.Civ.App., 234 S.W. 91, 94. 


To suspend running of limitations, it means employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent. McNaughton v. Rockford State Bank, 261 Mich. 265, 246 N.W. 84, 86.

FRAUDULENT CONVERSION

Receiving into possession money or property of another and fraudulently withholding, converting, or applying the same to or for one's own use and benefit, or to use and benefit of any person other than the one to whom the money or property belongs. Commonwealth v. Mitchneck, 130 Pa.Super. 433, 198 A. 463, 464.

BLACK'S LAW DICTIONARY REVISED 4TH ED. Sec 2

TRUST

A right of property, real or personal, held by one party for the benefit of another. See Goodwin v. McMinn, 193 Pa. 646, 44 A. 1094, 74 Am.St. Rep. 703; Boyce v. Mosely, 102 S.C. 361, 86 S.E. 771, 773; King v. Richardson, C.C.A.N.C., 136 F.2d 849, 856, 857. A confidence reposed in one person, who is termed trustee, for the benefit of another, who is called the cestui que trust, respecting property which is held by the trustee for the benefit of the cestui que trust. State ex rel. Wirt v. Superior Court for Spokane County, 10 Wash.2d 362, 116 P.2d 752, 755. Any arrangement whereby property is transferred with intention that it be administered by trustee for another's benefit. Raffo v. Foltz, 106 Cal.App. 51, 288 P. 884, 886. 


                                                                          1. In General

A fiduciary relation with respect to property, subjecting person by whom the property is held to equitable duties to deal with the property for the benefit of another person which arises as the result of a manifestation of an intention to create it. Goodenough v. Union Guardian Trust Co., 267 N.W. 772, 773, 774, 275 Mich. 698. An obligation on a person arising out of confidence reposed in him to apply property faithfully and according to such confidence; as being in nature of deposition by which proprietor transfers to another property of subject intrusted, not that it should remain with him, but that it should be applied to certain uses for the behoof of third party. MacKenzie v. Union Guardian Trust Co., 262 Mich. 563, 247 N.W. 914, 919; Gurnett v. Mutual Life Ins. Co. of New York, 356 Ill. 612, 191 N.E. 250, 252. 


A "trust" can be created for any purpose which is not illegal, and which is not against public policy. Collins v. Lyon, Inc., 181 Va. 230, 24 S.E.2d 572, 579. 


Essential elements of "trust" are designated beneficiary and trustee, fund sufficiently identified to enable title to pass to trustee, and actual delivery to trustee with intention of passing title. City Bank Farmers' Trust Co. v. Charity Organization Soc. of City of New York, 238 App. Div. 720, 265 N.Y.S. 267.


Accessory trust. In Scotch law, equivalent to "active" or "special" trust. See infra. 


Active trust. One which imposes upon the trustee the duty of taking active measures in the execution of the trust, as, where property is conveyed to trustees with directions to sell and distribute the proceeds among creditors of the grantor; distinguished from a "passive" or "dry" trust. In re Buch's Estate, 278 Pa. 185, 122 A. 239, 240; Welch v. Northern Bank & Trust Co., 100 Wash. 349, 170 P. 1029, 1032. 


Cestui que trust. The person for whose benefit a trust is created or who is to enjoy the income or the avails of it. Charitable trusts. Trusts designed for the benefit of a class or the public generally. They are essentially different from private trusts in that the beneficiaries are uncertain. Bauer v. Myers, C. C.A.Kan., 244 F. 902, 911. 


Complete voluntary trust. One completely created, the subject-matter being designated, the trustee and beneficiary being named, and the limitations and trusts being fully and perfectly declared. In re Leigh's Estate, 186 Iowa 931, 173 N.W. 143, 146. 


Constructive trust. A trust raised by construction of law, or arising by operation of law, as distinguished from an express trust. Wherever the circumstances of a transaction are such that the person who takes the legal estate in property cannot also enjoy the beneficial interest without necessarily violating some established principle of equity, the court will immediately raise a constructive trust, and fasten it upon the conscience of the legal owner, so as to convert him into a trustee for the parties who in equity are entitled to the beneficial enjoyment. Hill, Trustees, 116; 1 Spence, Eq.Jur. 511; Nester v. Gross, 66 Minn. 371, 69 N.W. 39; Porter v. Shaffer, 147 Va. 921, 133 S.E. 614, 616; Misamore v. Berglin, 197 Ala. 111, 72 So. 347, 349, L.R.A.1916F, 1024. 


See, also, Involuntary Trust infra. 


"Constructive trusts" do not arise by agreement or from intention, but by operation of law, and fraud, active or constructive, is their essential element. Actual fraud is not necessary, but such a trust will arise whenever circumstances under which property was acquired made it inequitable that it should be retained by him who holds the legal title. Constructive trusts have been said to arise through the application of the doctrine of equitable estoppel, or unaer the broad doctrine that equity regards and treats as done what in good conscience ought to be done, and such trusts are also known as "trusts ex maleficio" or "ex delicto" or "involuntary trusts" and their forms and varieties are practically without limit, being raised by courts of equity whenever it becomes necessary to prevent a failure of justice. Union Guardian Trust Co. v. Emery, 292 Mich. 394, 290 N.W. 841, 845. 


Contingent trust. An express trust depending for its operation upon a future event. Civ.Code Ga.1910, § 3734. 


Direct trust. An express trust, as distinguished from a constructive or implied trust. Currence v. Ward, 43 W.Va. 367, 27 S.E. 329. 


Directory trust. One which is not completely and finally settled by the instrument creating it, but only defined in its general purpose and to be carried into detail according to later specific directions. 


Dry trust. One which merely vests the legal title in the trustee, and does not require the performance of any active duty on his part to carry out the trust. In re Shaw's Estate, 198 Cal. 352, 246 P. 48, 52; Blackburn v. Blackburn, 167 Ky. 113, 180 S.W. 48, 49. 


Educational trusts. Trusts for the founding, endowing, and supporting schools for the advancement of all useful branches of learning, which are not strictly private. Richards v. Wilson, 185 Ind. 335, 112 N.E. 780, 794. 


Executed trust. A trust of which the scheme has in the outset been completely declared. Adams, Eq. 151. A trust in which the estates and interest in the subject-matter of the trust are completely limited and defined by the instrument creating the trust, and require no further instruments to complete them. Bisp.Eq. 20; Pillot v. Landon, 46 N.J.Eq. 310, 19 A. 25; Egerton v. Brownlow, 4 H.L.Cas. 210; Mattsen v. U. S. Ensilage Harvester Co., 171 Minn. 237, 213 N.W. 893, 895. 


Executory trust. One which requires the execution of some further instrument, or the doing of some further act, on the part of the creator of the trust or of the trustee, towards its complete creation or full effect. Martling v. Martling, 55 N.J.Eq. 771, 39 A. 203; Carradine v. Carradine, 33 Miss. 729; In re Fair's Estate, 132 Cal. 523, 60 P. 442, 84 Am.St.Rep. 70; Pillot v. Landon, 46 N. J.Eq. 310, 19 A. 25. 


Express active trust. Where will confers upon executor authority to generally manage property of estate and pay over net income to devisees or legatees, such authority creates an "express active trust." In re Thomas' Estate, 17 Wash.2d 674, 136 P.2d 1017, 1020, 147 A.L.R. 598. 


Express private passive trust has been defined as existing where land is conveyed to or held by one person in trust for another, without any power being expressly or impliedly given trustee to take actual possession of land or exercise acts of ownership over it, except by beneficiary's direction. E]vins v. Seestedt, 141 Fla. 266, 193 So. 54, 57, 126 A.L.R. 1001. 


Express trust. A trust created or declared in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct or dealings of the parties. State v. Campbell, 59 Kan. 246, 52 P. 454; Kaphan v. Toney, Tenn.Ch., 58 S.W. 913; Sanford v. Van Pelt, 314 Mo. 175, 282 S.W. 1022, 1030; Holsapple v. Schrontz, 65 Ind.App. 390, 117 N.E. 547, 549. 


Imperfect trust. An executory trust, (which see; ) and see Executed Trust. 


Implied trust. A trust raised or created by implication of law; a trust implied or presumed from circumstances. Wilson v. Welles, 79 Minn. 53, 81 N.W. 549; Holsapple v. Schrontz, 65 Ind. App. 390, 117 N.E. 547, 549; Springer v. Springer, 144 Md. 465, 125 A. 162, 166. 


Instrumental trust. See Ministerial Trusts, infra. Involuntary trust. 


"Involuntary" or "constructive" trusts embrace all those instances in which a trust is raised by the doctrines of equity, for the purpose of working out justice in the most efficient manner, when there is no intention of the parties to create a trust relation. This class of trusts may usually be referred to fraud, either actual or constructive, as an essential element. Bank v. Kimball Milling Co., 1 S.D. 388, 47 N.W. 402, 36 Am.St.Rep. 739. 


Massachusetts or business trusts. See "Trust Estates as Business Companies. 


" Ministerial trusts. (Also called "instrumental. trusts.") Those which demand no further exercise of reason or understanding than every intelligent agent must necessarily employ; as to convey an estate. They are a species of special trusts, distinguished from discretionary trusts, which necessarily require much exercise of the understanding. 2 Bouv.Inst. no. 1896. 


Naked trust. A dry or passive trust; one which requires no action on the part of the trustee, beyond turning over money or property to the cestui que trust. Cerri v. Akron-People's Telephone Co., D.C.Ohio, 219 F. 285, 292. Passive trust. A trust as to which the trustee has no active duty to perform. Holmes v. Walter, 118 Wis. 409, 95 N.W. 380, 62 L.R.A. 986; Dixon v. Dixon, 123 Me. 470, 124 A. 198, 199. 


Precatory trust. Where words employed in a will or other instrument do not amount to a positive command or to a distinct testamentary disposition, but are terms of entreaty, request, recommendation, or expectation, they are termed "precatory words," and from such words the law will raise a trust, called a "precatory trust," to carry out the wishes of the testator or grantor. See Bohon v. Barrett, 79 Ky. 378; Hunt v. Hunt, 18 Wash. 14, 50 P. 578; Aldrich v. Aldrich, 172 Mass. 101, 51 N.E. 449. 


Private trust. One established or created for the benefit of a certain designated individual or individuals, or a known person or class of persons, clearly identified or capable of identification by the terms of the instrument creating the trust; as distinguished from trusts for public institutions or charitable uses. See Pennoyer v. Wadhams, 20 Or. 274, 25 P. 720, 11 L.R.A. 210; Doyle v. Whalen, 87 Me. 414, 32 A. 1022, 31 L.R.A. 118; Brooks v. Belfast, 90 Me. 318, 38 A. 222; Bauer v. Myers, C.C.A.Kan., 244 F. 902, 911. 


Proprietary trust. In Scotch law, a naked, dry, or passive trust. See supra. 


Public trust. One constituted for the benefit either of the public at large or of some considerable portion of it answering a particular description; public trusts and charitable trusts may be considered in general as synonymous expressions. Lewin, Trusts, 20; Bauer v. Myers, C.C.A.Kan., 244 F. 902, 911. 


Resulting trust. One that arises by implication of law, or by the operation and construction of equity, and which is established as consonant to the presumed intention of the parties as gathered from the nature of the transaction. It arises where the legal estate in property is disposed of, conveyed, or transferred, but the intent appears or is inferred from the terms of the disposition, or from the accompanying facts and circumstances, that the beneficial interest is not to go or be enjoyed with the legal title. Lafkowitz v. Jackson, C.C.A.Mo., 13 F.2d 370, 372. See Sanders v. Steele, 124 Ala. 415, 26 So. 882. Farwell v. Wilcox, 73 Okl. 230, 175 P. 936, 938, 4 A.L.R. 156; Cummings v. Cummings, 55 Cal.App. 433, 203 P. 452, 455. 


Savings bank trust. A Totten trust. 


Secret trusts. Where a testator gives property to a person, on a verbal promise by the legatee or devisee that he will hold it in trust for another person. Sweet. 


Shifting trust. An express trust which is so settled that it may operate in favor of beneficiaries additional to, or substituted for, those first named, upon specified contingencies. Civ.Code Ga.1910, § 3734. 


Simple trust. A simple trust corresponds with the ancient use, and arises where property is simply vested in one person for the use of another, and the nature of the trust, not being qualified by the settlor, is left to the construction of law. Perkins v. Brinkley, 133 N.C. 154, 45 S.E. 541; Dodson v. Ball, 60 Pa. 500, 100 Am.Dec. 586. 


Special trust. One in which a trustee is interposed for the execution of some purpose particularly pointed out, and is not, as in case of a simple trust, a mere passive depositary of the estate, but is required to exert himself actively in the execution of the settlor's intention; as, where a conveyance is made to trustees upon trust to reconvey, or to sell for the payment of debts. Lew.Tr. 3, 16. Special trusts have been divided into (1) ministerial (or instrumental) and (2) discretionary. The former, such as demand no further exercise of reason or understanding than every intelligent agent must necessarily employ ; the latter, such as cannot be duly administered without the application of a certain degree of prudence and judgment. 2 Bouv.Inst. no. 1896; Perkins v. Brinkley, 133 N.C. 154, 45 S.E. 541. 


Spendthrift trust. See Spendthrift. Totten trust. A trust created by the deposit by one person of his own money in his own name as a trustee for another and it is a tentative trust revocable at will until the depositor dies or completes the gift in his lifetime by some unequivocal act or declaration such as delivery of the pass book or notice to the beneficiary and if the depositor dies before the beneficiary without revocation or some decisive act or declaration of disaffirmance the presumption arises that an absolute trust was created as to the balance on hand at the death of the depositor. Murray v. Brooklyn Say. Bank, 258 App.Div. 132, 15 N.Y.S.2d 915, 917; In re Totten, 179 N.Y. 112, 71 N.E. 748, 70 L.R.A. 711, 1 Ann. Cas. 900. 


Transgressive trust. A name sometimes applied to a trust which transgresses or violates the rule against perpetuities. See Pulitzer v. Livingston, 89 Me. 359, 36 A. 635. 


Trust allotments. Allotments to Indians, in which a certificate or trust patent is issued declaring that the United States will hold the land for a designated period in trust for the allottee. U. S. v. Bowling, 41 S.Ct. 561, 562, 256 U.S. 484, 65 L.Ed. 1054. 


Trust company. A corporation formed for the purpose of taking, accepting, and executing all such trusts as may be lawfully committed to it, and acting as testamentary trustee, trustee under deeds of settlement or for married women, executor, guardian, etc. To these functions are sometimes (but not necessarily) added the business of acting as fiscal agent for corporations, attending to the registration and transfer of their stock and bonds, serving as trustee for their bond or mortgage creditors, and transacting a general banking and loan business. See Venner v. Farmers' L. & T. Co., 54 App.Div. 271, 66 N.Y.Supp. 773; Mercantile Nat. Bank v. New York, 7 S.Ct. 826, 121 U.S. 138, 30 L.Ed. 895; Loudoun Nat. Bank of Leesburg v. Continental Trust Co., 164 Va. 536, 180 S. E. 548, 551. 


Trust deed. (1) A species of mortgage given to a trustee for the purpose of securing a numerous class of creditors, as the bondholders of a railroad corporation, with power to foreclose and sell on failure of the payment of their bonds, notes, or other claims. (2) In some of the states, and in the District of Columbia, a trust deed or deed of trust is a security resembling a mortgage, being a conveyance of lands to trustees to secure the payment of a debt, with a power of sale upon default, and upon a trust to apply the net proceeds to paying the debt and to turn over the surplus to the grantor. Dean v. Smith, 53 N.D. 123, 204 N.W. 987, 994; Guaranty Title & Trust Co. v. Thompson, 93 Fla. 983, 113 So. 117, 120. 


A "trust deed" on real estate as security for a bond issue is, in effect, a mortgage on property executed by the mortgagor to a third person as trustee to hold as security for the mortgage debt as evidenced by the bonds, for the benefit of the purchasers of the bonds as lenders. Marden v. Elks Club, 138 Fla. 707, 190 So. 40, 42. 


Trust deposit. Where money or property is deposited to be kept intact and not commingled with other funds or property of bank and is to be returned in kind to depositor or devoted to particular purpose or requirement of depositor or payment of particular debts or obligations of depositor. Also called "special deposit". Maurello v. Broadway Bank & Trust Co. of Paterson, 114 N.J.L. 167, 176 A. 391, 394. See, also "Deposit." 


Trust estate. This term may mean either the estate of the trustee,—that is, the legal title,—or the estate of the beneficiary, or the corpus of the property which is the subject of the trust. See Cooper v. Cooper, 5 N.J.Eq. 9; Farmers' L. & T. Co. v. Carroll, 5 Barb. (N.Y.) 643. 


Trust ex delicto. Trust ex maleficio, which title see, infra. 


Trust ex maleficio. A species of constructive trust arising out of some fraud, misconduct, or breach of faith on the part of the person to be charged as trustee, which renders it an equitable necessity that a trust should be implied. See Rogers v. Richards, 67 Kan. 706, 74 P. 255; Kent v. Dean, 128 Ala. 600, 30 So. 543; Chanowsky v. Friedman, Tex.Civ.App., 108 S.W.2d 752, 754. See, also, Constructive Trust, supra. 


Trust fund. A fund held by a trustee for the specific purposes of the trust; in a more general sense, a fund which, legally or equitably, is subject to be devoted to a particular purpose and cannot or should not be diverted therefrom. In this sense it is often said that the assets of a corporation are a "trust fund" for the payment of its debts. See Henderson v. Indiana Trust Co., 143 Ind. 561, 40 N.E. 516; In re Beard's Estate, 7 Wyo. 104, 50 Pac. 226, 38 L.R.A. 860, 75 Am.St. Rep. 882; Spencer v. Smith, C.C.A.Colo., 201 F. 647, 652; Terhune v. Weise, 132 Wash. 208, 231 P. 954, 955, 38 A.L.R. 94. 


Trust fund doctrine. In substance, that where corporation transfers all its assets with a view to going out of business and nothing is left with which to pay debts, transferee is charged with notice of the circumstances of the transaction, and takes the assets subject to an equitable lien for the unpaid debts of the transferring company; the property of a corporation being a fund subject to be first applied to the payment of debts. Meikle v. Export Lumber Co., C.C.A.Or., 67 F.2d 301, 304. 


Under such doctrine, if insolvent corporation's assets are distributed among its stockholders before its debts are paid, each stockholder is liable to creditors for full amount received by him. Scott v. Commissioner of Internal Revenue, C.C.A.8, 117 F.2d 36, 39. 


Trust in invitum. A constructive trust imposed by equity, contrary to the trustee's intention and will, upon property in his hands. Sanford v. Hamner, 115 Ala. 406, 22 So. 117. Trust legacy. See Legacy. 


Trust receipt. Document in which is expressed security transaction, whereunder the lender having no prior title in the goods on which the lien is to be given, and not having possession which remains in the borrower, lends his money to the borrower on security of the goods, which the borrower is privileged to sell clear of the lien on agreement to pay all or part of the proceeds of the sale to the lender. In re Boswell, C.C.A.Cal., 96 F.2d 239, 242. 


A term specifically applied to a written instrument whereby banker having advanced money for purchase of imported merchandise and having taken title in his own name, delivers possession to importer on agreement in writing to hold merchandise in trust for banker till he is paid. Simons v. Northeastern Finance Corporation, 271 Mass. 285, 171 N.E. 643, 644. 


Voluntary trust. An obligation arising out of a personal confidence reposed in, and voluntarily accepted by, one for the benefit of another, as distinguished from an "involuntary" trust, which is created by operation of law. Civ.Code Cal. §§ 2216, 2217. According to another use of the term, "voluntary" trusts are such as are made in favor of a volunteer, that is, a person who gives nothing in exchange for the trust, but receives it as a pure gift; and in this use the term is distinguished from "trusts for value," the latter being such as are in favor of purchasers, mortgagees, etc. A "voluntary trust" is an equitable gift, and in order to be enforceable by the beneficiaries must be complete. Cameron v. Cameron, 96 Okl. 98, 220 P. 889, 890; Logan v. Ryan, 68 Cal.App. 448, 229 P. 993, 996. 


The difference between a "gift inter vivos" and a "voluntary trust" is that, in a gift, the thing itself with title passes to the donee, while, in a voluntary trust, the actual title passes to a cestui que trust while the legal title is retained by the settlor, to be held by him for the purposes of the trust or is by the settlor transferred to another to hold for the purposes of the trust. Allen v. Hendrick, 104 Or. 202, 206 P. 733, 740. 


Voting trust. See that title. 2. Constitutional and Statutory Law An association or organization of persons or corporations having the intention and power, or the tendency, to create a monopoly, control production, interfere with the free course of trade or transportation, or to fix and regulate the supply and the price of commodities.


In the history of economic development, the "trust" was originally a device by which several corporations engaged in the same general line of business might combine for their mutual advantage, in the direction of eliminating destructive competition, controlling the output of their commodity, and regulating and maintaining its price, but at the same time preserving their separate individual existence, and without any consolidation or merger. This device was the erection of a central committee or board, composed, perhaps, of the presidents or general managers of the different corporations, and the transfer to them of a majority of the stock in each of the corporations, to be held "in trust" for the several stockholders so assigning their holdings. These stockholders received in return "trust certificates" showing that they were entitled to receive the dividends on their assigned stock, though the voting power of it had passed to the trustees. This last feature enabled the trustees or committee to elect all the directors of all the corporations, and through them the officers, and thereby to exercise an absolutely controlling influence over the policy and operations of each constituent company, to the ends and with the purposes above mentioned. Though the "trust," in this sense, is now seldom if ever resorted to as a form of corporate organization, having given place to the "holding corporation" and other devices, the word has become current in statute laws as well as popular speech, to designate almost any form of combination of a monopolistic character or tendency. See Black, Const. Law (3d Ed.) p. 428; Northern Securities Co. v. U. S., 193 U.S. 197, 24 Sup.Ct. 436, 48 L.Ed. 679; MacGinniss v. Mining Co., 29 Mont. 428, 75 P. 89; Georgia Fruit Exchange v. Turnipseed, 9 Ala.App. 123, 62 So. 542, 546; Mallinckrodt Chemical Works v. State of Missouri, 35 S.Ct. 671, 673, 238 U.S. 41, 59 L.Ed. 1192. 


In a looser sense the term "trust" is applied to any combination of establishments in the same line of business for securing the same ends by holding the individual interests of each subservient to a common authority for the common interests of all. Mallinckrodt Chemical Works v. State of Missouri, 35 S.Ct. 671, 673, 238 U.S. 41, 59 L.Ed. 1192. 


TRUST ESTATES AS BUSINESS COMPANIES. A practice originating in Massachusetts of vesting a business or certain real estate in a group of trustees, who manage it for the benefit of the beneficial owners; the ownership of the latter is evidenced by negotiable (or transferable) shares. The trustees are elected by the shareholders, or, in case of a vacancy, by the board of trustees. Provision is made in the agreement and declaration of trust to the effect that when new trustees are elected, the trust estate shall vest in them without further conveyance. The declaration of trust specifies the powers of the trustees. They have a common seal; the board is organized with the usual officers of a board of trustees; it is governed by by-laws; the officers have the usual powers of like corporate officers; so far as practicable, the trustees in their collective capacity, are to carry on the business under a specified name. The trustees may also hold shares as beneficiaries. Provision may be made for the alteration or amendment of the agreement or declaration in a specified manner. In Eliot v. Freeman, 31 Sup.Ct. 360, 220 U.S. 178, 55 L.Ed. 424, it was held that such a trust was not within the corporation tax provisions of the tariff act of Aug. 5, 1909. See also Zonne v. Minneapolis Syndicate, 31 S.Ct. 361, 220 U.S. 187, 55 L.Ed. 428. 


TRUSTEE. The person appointed, or required by law, to execute a trust; one in whom an estate, interest, or power is vested, under an express or implied agreement to administer or exercise It for the benefit or to the use of another called the cestui que trust. Pioneer Mining Co. v. Tyberg, C.C.A.Alaska, 215 F. 501, 506, L.R.A.1915B, 442; Kaehn v. St. Paul Co-op. Ass'n, 156 Minn. 113, 194 N.W. 112; Catlett v. Hawthorne, 157 Va. 372, 161 S.E. 47, 48. Person who holds title to res and administers it for others' benefit. Reinecke v. Smith, Ill., 53 S.Ct. 570, 289 U.S. 172, 77 L.Ed. 1109.


In a strict sense, a "trustee" is one 'who holds the legal title to property for the benefit of another, while, in a broad sense, the term is sometimes applied to anyone standing In a fiduciary or confidential relation to another, such as agent, attorney, bailee, etc. State ex rel. Lee v. Sartorius, 344 Mo. 912, 130 S.W.2d 547, 549, 550. 


"Trustee" is also used in a wide and perhaps inaccurate sense, to denote that a person has the duty of carrying out a transaction, in which he and another person are interested, in such manner as will be most for the benefit of the latter, and not in such a way that he himself might be tempted, for the sake of his personal advantage, to neglect the interests of the other. In this sense, directors of companies are said to be "trustees for the shareholders." Sweet. 


Conventional Trustee One appointed by a decree of court to execute a trust, as distinguished from one appointed by the instrument creating the trust. Gilbert v. Kolb, 85 Md. 627, 37 Atl. 423.


Joint Trustees Two or more persons who are intrusted with property for the benefit of one or more others. 


Judicial Trustee A "judicial trustee," as distinguished from a conventional trustee, is an officer of a chancery court whose acts are generally limited and defined by familiar and settled rules and procedure. Kramme v. Mewshaw, 147 Md. 535, 128 A. 468, 472. 


Public Trustee An act of 1906 referring to England and Wales provides for the appointment of a public trustee to administer estates of small value, to act as custodian trustee, or as ordinary trustee or judicial trustee, or to administer the property of a convict under the Forfeiture Act. 


Quasi Trustee A person who reaps a benefit from a breach of trust, and so becomes answerable as a trustee. Lewin, Trusts (4th Ed.) 592, 638. 


Testamentary Trustee A trustee appointed by or acting under a will; one appointed to carry out a trust created by a will. The term does not ordinarily include an executor or an administrator with the will annexed, or a guardian, except when they act in the execution of a trust created by the will and which is separable from their functions as executors, etc. See In re Hazard, 51 Hun, 201, 4 N.Y.Supp. 701; In re Valentine's Estate, 1 Misc. 491, 23 N.Y. Supp. 289; In re Hawley, 104 N.Y. 250, 10 N.E. 352.


Trustee Acts The statutes 13 & 14 Vict. c. 60, passed in 1850, and 15 & 16 Vict. c. 55, passed in 1852, enabling the court of chancery, without bill filed, to appoint new trustees in lieu of any who, on account of death, lunacy, absence, or otherwise, are unable or unwilling to act as such; and also to make vesting orders by which legal estates and rights may be transferred from the old trustee or trustees to the new trustee or trustees so appointed. Mozley & Whitley. 


Trustee Ex Maleficio A person who, being guilty of wrongful or fraudulent conduct, is held by equity to the duty and liability of a trustee, in relation to the subjectmatter, to prevent him from profiting by his own wrong. Rice v. Braden, 243 Pa. 141, 89 A. 877, 880. Alabama Water Co. v. City of Anniston, 227 Ala. 579, 151 So. 457, 458. 


Trustee in Bankruptcy A person in whom the property of a bankrupt is vested in trust for the creditors. Trustee Process The name given, in the New England states, to the process of garnishment or foreign attachment. 


Trustee Relief Acts The statute 10 & 11 Vict. c. 96, passed in 1847, and statute 12 & 13 Vict. c. 74, passed in 1849, by which a trustee is enabled to pay money into court, in cases where a difficulty arises respecting the title to the trust fund. Mozley & Whiteley. 


TRUSTER. In Scotch law. The maker or creator of a trust. TRUSTIS. In old European law. Trust; faith; confidence; fidelity. 


TRUSTOR. One who creates a trust. Also called settlor. Ulmer v. Fulton, 129 Ohio St. 323, 195 N.E. 557, 564, 97 A.L.R. 1170. 


TRUTH. There are three conceptions as to what constitutes "truth": Agreement of thought and reality; eventual verification; and consistency of thought with itself. Memphis Telephone Co. v. Cumberland Telephone & Telegraph Co., C.C.A. Tenn., 231 F. 835, 842. 

For "Fact" and "truth" distinguished, see Fact.

TRUST

A right of property, real or personal, held by one party for the benefit of another. See Goodwin v. McMinn, 193 Pa. 646, 44 A. 1094, 74 Am.St. Rep. 703; Boyce v. Mosely, 102 S.C. 361, 86 S.E. 771, 773; King v. Richardson, C.C.A.N.C., 136 F.2d 849, 856, 857. A confidence reposed in one person, who is termed trustee, for the benefit of another, who is called the cestui que trust, respecting property which is held by the trustee for the benefit of the cestui que trust. State ex rel. Wirt v. Superior Court for Spokane County, 10 Wash.2d 362, 116 P.2d 752, 755. Any arrangement whereby property is transferred with intention that it be administered by trustee for another's benefit. Raffo v. Foltz, 106 Cal.App. 51, 288 P. 884, 886. 


                                                                          1. In General

A fiduciary relation with respect to property, subjecting person by whom the property is held to equitable duties to deal with the property for the benefit of another person which arises as the result of a manifestation of an intention to create it. Goodenough v. Union Guardian Trust Co., 267 N.W. 772, 773, 774, 275 Mich. 698. An obligation on a person arising out of confidence reposed in him to apply property faithfully and according to such confidence; as being in nature of deposition by which proprietor transfers to another property of subject intrusted, not that it should remain with him, but that it should be applied to certain uses for the behoof of third party. MacKenzie v. Union Guardian Trust Co., 262 Mich. 563, 247 N.W. 914, 919; Gurnett v. Mutual Life Ins. Co. of New York, 356 Ill. 612, 191 N.E. 250, 252. 


A "trust" can be created for any purpose which is not illegal, and which is not against public policy. Collins v. Lyon, Inc., 181 Va. 230, 24 S.E.2d 572, 579. 


Essential elements of "trust" are designated beneficiary and trustee, fund sufficiently identified to enable title to pass to trustee, and actual delivery to trustee with intention of passing title. City Bank Farmers' Trust Co. v. Charity Organization Soc. of City of New York, 238 App. Div. 720, 265 N.Y.S. 267.


Accessory trust. In Scotch law, equivalent to "active" or "special" trust. See infra. 


Active trust. One which imposes upon the trustee the duty of taking active measures in the execution of the trust, as, where property is conveyed to trustees with directions to sell and distribute the proceeds among creditors of the grantor; distinguished from a "passive" or "dry" trust. In re Buch's Estate, 278 Pa. 185, 122 A. 239, 240; Welch v. Northern Bank & Trust Co., 100 Wash. 349, 170 P. 1029, 1032. 


Cestui que trust. The person for whose benefit a trust is created or who is to enjoy the income or the avails of it. Charitable trusts. Trusts designed for the benefit of a class or the public generally. They are essentially different from private trusts in that the beneficiaries are uncertain. Bauer v. Myers, C. C.A.Kan., 244 F. 902, 911. 


Complete voluntary trust. One completely created, the subject-matter being designated, the trustee and beneficiary being named, and the limitations and trusts being fully and perfectly declared. In re Leigh's Estate, 186 Iowa 931, 173 N.W. 143, 146. 


Constructive trust. A trust raised by construction of law, or arising by operation of law, as distinguished from an express trust. Wherever the circumstances of a transaction are such that the person who takes the legal estate in property cannot also enjoy the beneficial interest without necessarily violating some established principle of equity, the court will immediately raise a constructive trust, and fasten it upon the conscience of the legal owner, so as to convert him into a trustee for the parties who in equity are entitled to the beneficial enjoyment. Hill, Trustees, 116; 1 Spence, Eq.Jur. 511; Nester v. Gross, 66 Minn. 371, 69 N.W. 39; Porter v. Shaffer, 147 Va. 921, 133 S.E. 614, 616; Misamore v. Berglin, 197 Ala. 111, 72 So. 347, 349, L.R.A.1916F, 1024. 


See, also, Involuntary Trust infra. 


"Constructive trusts" do not arise by agreement or from intention, but by operation of law, and fraud, active or constructive, is their essential element. Actual fraud is not necessary, but such a trust will arise whenever circumstances under which property was acquired made it inequitable that it should be retained by him who holds the legal title. Constructive trusts have been said to arise through the application of the doctrine of equitable estoppel, or unaer the broad doctrine that equity regards and treats as done what in good conscience ought to be done, and such trusts are also known as "trusts ex maleficio" or "ex delicto" or "involuntary trusts" and their forms and varieties are practically without limit, being raised by courts of equity whenever it becomes necessary to prevent a failure of justice. Union Guardian Trust Co. v. Emery, 292 Mich. 394, 290 N.W. 841, 845. 


Contingent trust. An express trust depending for its operation upon a future event. Civ.Code Ga.1910, § 3734. 


Direct trust. An express trust, as distinguished from a constructive or implied trust. Currence v. Ward, 43 W.Va. 367, 27 S.E. 329. 


Directory trust. One which is not completely and finally settled by the instrument creating it, but only defined in its general purpose and to be carried into detail according to later specific directions. 


Dry trust. One which merely vests the legal title in the trustee, and does not require the performance of any active duty on his part to carry out the trust. In re Shaw's Estate, 198 Cal. 352, 246 P. 48, 52; Blackburn v. Blackburn, 167 Ky. 113, 180 S.W. 48, 49. 


Educational trusts. Trusts for the founding, endowing, and supporting schools for the advancement of all useful branches of learning, which are not strictly private. Richards v. Wilson, 185 Ind. 335, 112 N.E. 780, 794. 


Executed trust. A trust of which the scheme has in the outset been completely declared. Adams, Eq. 151. A trust in which the estates and interest in the subject-matter of the trust are completely limited and defined by the instrument creating the trust, and require no further instruments to complete them. Bisp.Eq. 20; Pillot v. Landon, 46 N.J.Eq. 310, 19 A. 25; Egerton v. Brownlow, 4 H.L.Cas. 210; Mattsen v. U. S. Ensilage Harvester Co., 171 Minn. 237, 213 N.W. 893, 895. 


Executory trust. One which requires the execution of some further instrument, or the doing of some further act, on the part of the creator of the trust or of the trustee, towards its complete creation or full effect. Martling v. Martling, 55 N.J.Eq. 771, 39 A. 203; Carradine v. Carradine, 33 Miss. 729; In re Fair's Estate, 132 Cal. 523, 60 P. 442, 84 Am.St.Rep. 70; Pillot v. Landon, 46 N. J.Eq. 310, 19 A. 25. 


Express active trust. Where will confers upon executor authority to generally manage property of estate and pay over net income to devisees or legatees, such authority creates an "express active trust." In re Thomas' Estate, 17 Wash.2d 674, 136 P.2d 1017, 1020, 147 A.L.R. 598. 


Express private passive trust has been defined as existing where land is conveyed to or held by one person in trust for another, without any power being expressly or impliedly given trustee to take actual possession of land or exercise acts of ownership over it, except by beneficiary's direction. E]vins v. Seestedt, 141 Fla. 266, 193 So. 54, 57, 126 A.L.R. 1001. 


Express trust. A trust created or declared in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct or dealings of the parties. State v. Campbell, 59 Kan. 246, 52 P. 454; Kaphan v. Toney, Tenn.Ch., 58 S.W. 913; Sanford v. Van Pelt, 314 Mo. 175, 282 S.W. 1022, 1030; Holsapple v. Schrontz, 65 Ind.App. 390, 117 N.E. 547, 549. 


Imperfect trust. An executory trust, (which see; ) and see Executed Trust. 


Implied trust. A trust raised or created by implication of law; a trust implied or presumed from circumstances. Wilson v. Welles, 79 Minn. 53, 81 N.W. 549; Holsapple v. Schrontz, 65 Ind. App. 390, 117 N.E. 547, 549; Springer v. Springer, 144 Md. 465, 125 A. 162, 166. 


Instrumental trust. See Ministerial Trusts, infra. Involuntary trust. 


"Involuntary" or "constructive" trusts embrace all those instances in which a trust is raised by the doctrines of equity, for the purpose of working out justice in the most efficient manner, when there is no intention of the parties to create a trust relation. This class of trusts may usually be referred to fraud, either actual or constructive, as an essential element. Bank v. Kimball Milling Co., 1 S.D. 388, 47 N.W. 402, 36 Am.St.Rep. 739. 


Massachusetts or business trusts. See "Trust Estates as Business Companies. 


" Ministerial trusts. (Also called "instrumental. trusts.") Those which demand no further exercise of reason or understanding than every intelligent agent must necessarily employ; as to convey an estate. They are a species of special trusts, distinguished from discretionary trusts, which necessarily require much exercise of the understanding. 2 Bouv.Inst. no. 1896. 


Naked trust. A dry or passive trust; one which requires no action on the part of the trustee, beyond turning over money or property to the cestui que trust. Cerri v. Akron-People's Telephone Co., D.C.Ohio, 219 F. 285, 292. Passive trust. A trust as to which the trustee has no active duty to perform. Holmes v. Walter, 118 Wis. 409, 95 N.W. 380, 62 L.R.A. 986; Dixon v. Dixon, 123 Me. 470, 124 A. 198, 199. 


Precatory trust. Where words employed in a will or other instrument do not amount to a positive command or to a distinct testamentary disposition, but are terms of entreaty, request, recommendation, or expectation, they are termed "precatory words," and from such words the law will raise a trust, called a "precatory trust," to carry out the wishes of the testator or grantor. See Bohon v. Barrett, 79 Ky. 378; Hunt v. Hunt, 18 Wash. 14, 50 P. 578; Aldrich v. Aldrich, 172 Mass. 101, 51 N.E. 449. 


Private trust. One established or created for the benefit of a certain designated individual or individuals, or a known person or class of persons, clearly identified or capable of identification by the terms of the instrument creating the trust; as distinguished from trusts for public institutions or charitable uses. See Pennoyer v. Wadhams, 20 Or. 274, 25 P. 720, 11 L.R.A. 210; Doyle v. Whalen, 87 Me. 414, 32 A. 1022, 31 L.R.A. 118; Brooks v. Belfast, 90 Me. 318, 38 A. 222; Bauer v. Myers, C.C.A.Kan., 244 F. 902, 911. 


Proprietary trust. In Scotch law, a naked, dry, or passive trust. See supra. 


Public trust. One constituted for the benefit either of the public at large or of some considerable portion of it answering a particular description; public trusts and charitable trusts may be considered in general as synonymous expressions. Lewin, Trusts, 20; Bauer v. Myers, C.C.A.Kan., 244 F. 902, 911. 


Resulting trust. One that arises by implication of law, or by the operation and construction of equity, and which is established as consonant to the presumed intention of the parties as gathered from the nature of the transaction. It arises where the legal estate in property is disposed of, conveyed, or transferred, but the intent appears or is inferred from the terms of the disposition, or from the accompanying facts and circumstances, that the beneficial interest is not to go or be enjoyed with the legal title. Lafkowitz v. Jackson, C.C.A.Mo., 13 F.2d 370, 372. See Sanders v. Steele, 124 Ala. 415, 26 So. 882. Farwell v. Wilcox, 73 Okl. 230, 175 P. 936, 938, 4 A.L.R. 156; Cummings v. Cummings, 55 Cal.App. 433, 203 P. 452, 455. 


Savings bank trust. A Totten trust. 


Secret trusts. Where a testator gives property to a person, on a verbal promise by the legatee or devisee that he will hold it in trust for another person. Sweet. 


Shifting trust. An express trust which is so settled that it may operate in favor of beneficiaries additional to, or substituted for, those first named, upon specified contingencies. Civ.Code Ga.1910, § 3734. 


Simple trust. A simple trust corresponds with the ancient use, and arises where property is simply vested in one person for the use of another, and the nature of the trust, not being qualified by the settlor, is left to the construction of law. Perkins v. Brinkley, 133 N.C. 154, 45 S.E. 541; Dodson v. Ball, 60 Pa. 500, 100 Am.Dec. 586. 


Special trust. One in which a trustee is interposed for the execution of some purpose particularly pointed out, and is not, as in case of a simple trust, a mere passive depositary of the estate, but is required to exert himself actively in the execution of the settlor's intention; as, where a conveyance is made to trustees upon trust to reconvey, or to sell for the payment of debts. Lew.Tr. 3, 16. Special trusts have been divided into (1) ministerial (or instrumental) and (2) discretionary. The former, such as demand no further exercise of reason or understanding than every intelligent agent must necessarily employ ; the latter, such as cannot be duly administered without the application of a certain degree of prudence and judgment. 2 Bouv.Inst. no. 1896; Perkins v. Brinkley, 133 N.C. 154, 45 S.E. 541. 


Spendthrift trust. See Spendthrift. Totten trust. A trust created by the deposit by one person of his own money in his own name as a trustee for another and it is a tentative trust revocable at will until the depositor dies or completes the gift in his lifetime by some unequivocal act or declaration such as delivery of the pass book or notice to the beneficiary and if the depositor dies before the beneficiary without revocation or some decisive act or declaration of disaffirmance the presumption arises that an absolute trust was created as to the balance on hand at the death of the depositor. Murray v. Brooklyn Say. Bank, 258 App.Div. 132, 15 N.Y.S.2d 915, 917; In re Totten, 179 N.Y. 112, 71 N.E. 748, 70 L.R.A. 711, 1 Ann. Cas. 900. 


Transgressive trust. A name sometimes applied to a trust which transgresses or violates the rule against perpetuities. See Pulitzer v. Livingston, 89 Me. 359, 36 A. 635. 


Trust allotments. Allotments to Indians, in which a certificate or trust patent is issued declaring that the United States will hold the land for a designated period in trust for the allottee. U. S. v. Bowling, 41 S.Ct. 561, 562, 256 U.S. 484, 65 L.Ed. 1054. 


Trust company. A corporation formed for the purpose of taking, accepting, and executing all such trusts as may be lawfully committed to it, and acting as testamentary trustee, trustee under deeds of settlement or for married women, executor, guardian, etc. To these functions are sometimes (but not necessarily) added the business of acting as fiscal agent for corporations, attending to the registration and transfer of their stock and bonds, serving as trustee for their bond or mortgage creditors, and transacting a general banking and loan business. See Venner v. Farmers' L. & T. Co., 54 App.Div. 271, 66 N.Y.Supp. 773; Mercantile Nat. Bank v. New York, 7 S.Ct. 826, 121 U.S. 138, 30 L.Ed. 895; Loudoun Nat. Bank of Leesburg v. Continental Trust Co., 164 Va. 536, 180 S. E. 548, 551. 


Trust deed. (1) A species of mortgage given to a trustee for the purpose of securing a numerous class of creditors, as the bondholders of a railroad corporation, with power to foreclose and sell on failure of the payment of their bonds, notes, or other claims. (2) In some of the states, and in the District of Columbia, a trust deed or deed of trust is a security resembling a mortgage, being a conveyance of lands to trustees to secure the payment of a debt, with a power of sale upon default, and upon a trust to apply the net proceeds to paying the debt and to turn over the surplus to the grantor. Dean v. Smith, 53 N.D. 123, 204 N.W. 987, 994; Guaranty Title & Trust Co. v. Thompson, 93 Fla. 983, 113 So. 117, 120. 


A "trust deed" on real estate as security for a bond issue is, in effect, a mortgage on property executed by the mortgagor to a third person as trustee to hold as security for the mortgage debt as evidenced by the bonds, for the benefit of the purchasers of the bonds as lenders. Marden v. Elks Club, 138 Fla. 707, 190 So. 40, 42. 


Trust deposit. Where money or property is deposited to be kept intact and not commingled with other funds or property of bank and is to be returned in kind to depositor or devoted to particular purpose or requirement of depositor or payment of particular debts or obligations of depositor. Also called "special deposit". Maurello v. Broadway Bank & Trust Co. of Paterson, 114 N.J.L. 167, 176 A. 391, 394. See, also "Deposit." 


Trust estate. This term may mean either the estate of the trustee,—that is, the legal title,—or the estate of the beneficiary, or the corpus of the property which is the subject of the trust. See Cooper v. Cooper, 5 N.J.Eq. 9; Farmers' L. & T. Co. v. Carroll, 5 Barb. (N.Y.) 643. 


Trust ex delicto. Trust ex maleficio, which title see, infra. 


Trust ex maleficio. A species of constructive trust arising out of some fraud, misconduct, or breach of faith on the part of the person to be charged as trustee, which renders it an equitable necessity that a trust should be implied. See Rogers v. Richards, 67 Kan. 706, 74 P. 255; Kent v. Dean, 128 Ala. 600, 30 So. 543; Chanowsky v. Friedman, Tex.Civ.App., 108 S.W.2d 752, 754. See, also, Constructive Trust, supra. 


Trust fund. A fund held by a trustee for the specific purposes of the trust; in a more general sense, a fund which, legally or equitably, is subject to be devoted to a particular purpose and cannot or should not be diverted therefrom. In this sense it is often said that the assets of a corporation are a "trust fund" for the payment of its debts. See Henderson v. Indiana Trust Co., 143 Ind. 561, 40 N.E. 516; In re Beard's Estate, 7 Wyo. 104, 50 Pac. 226, 38 L.R.A. 860, 75 Am.St. Rep. 882; Spencer v. Smith, C.C.A.Colo., 201 F. 647, 652; Terhune v. Weise, 132 Wash. 208, 231 P. 954, 955, 38 A.L.R. 94. 


Trust fund doctrine. In substance, that where corporation transfers all its assets with a view to going out of business and nothing is left with which to pay debts, transferee is charged with notice of the circumstances of the transaction, and takes the assets subject to an equitable lien for the unpaid debts of the transferring company; the property of a corporation being a fund subject to be first applied to the payment of debts. Meikle v. Export Lumber Co., C.C.A.Or., 67 F.2d 301, 304. 


Under such doctrine, if insolvent corporation's assets are distributed among its stockholders before its debts are paid, each stockholder is liable to creditors for full amount received by him. Scott v. Commissioner of Internal Revenue, C.C.A.8, 117 F.2d 36, 39. 


Trust in invitum. A constructive trust imposed by equity, contrary to the trustee's intention and will, upon property in his hands. Sanford v. Hamner, 115 Ala. 406, 22 So. 117. Trust legacy. See Legacy. 


Trust receipt. Document in which is expressed security transaction, whereunder the lender having no prior title in the goods on which the lien is to be given, and not having possession which remains in the borrower, lends his money to the borrower on security of the goods, which the borrower is privileged to sell clear of the lien on agreement to pay all or part of the proceeds of the sale to the lender. In re Boswell, C.C.A.Cal., 96 F.2d 239, 242. 


A term specifically applied to a written instrument whereby banker having advanced money for purchase of imported merchandise and having taken title in his own name, delivers possession to importer on agreement in writing to hold merchandise in trust for banker till he is paid. Simons v. Northeastern Finance Corporation, 271 Mass. 285, 171 N.E. 643, 644. 


Voluntary trust. An obligation arising out of a personal confidence reposed in, and voluntarily accepted by, one for the benefit of another, as distinguished from an "involuntary" trust, which is created by operation of law. Civ.Code Cal. §§ 2216, 2217. According to another use of the term, "voluntary" trusts are such as are made in favor of a volunteer, that is, a person who gives nothing in exchange for the trust, but receives it as a pure gift; and in this use the term is distinguished from "trusts for value," the latter being such as are in favor of purchasers, mortgagees, etc. A "voluntary trust" is an equitable gift, and in order to be enforceable by the beneficiaries must be complete. Cameron v. Cameron, 96 Okl. 98, 220 P. 889, 890; Logan v. Ryan, 68 Cal.App. 448, 229 P. 993, 996. 


The difference between a "gift inter vivos" and a "voluntary trust" is that, in a gift, the thing itself with title passes to the donee, while, in a voluntary trust, the actual title passes to a cestui que trust while the legal title is retained by the settlor, to be held by him for the purposes of the trust or is by the settlor transferred to another to hold for the purposes of the trust. Allen v. Hendrick, 104 Or. 202, 206 P. 733, 740. 


Voting trust. See that title. 2. Constitutional and Statutory Law An association or organization of persons or corporations having the intention and power, or the tendency, to create a monopoly, control production, interfere with the free course of trade or transportation, or to fix and regulate the supply and the price of commodities.


In the history of economic development, the "trust" was originally a device by which several corporations engaged in the same general line of business might combine for their mutual advantage, in the direction of eliminating destructive competition, controlling the output of their commodity, and regulating and maintaining its price, but at the same time preserving their separate individual existence, and without any consolidation or merger. This device was the erection of a central committee or board, composed, perhaps, of the presidents or general managers of the different corporations, and the transfer to them of a majority of the stock in each of the corporations, to be held "in trust" for the several stockholders so assigning their holdings. These stockholders received in return "trust certificates" showing that they were entitled to receive the dividends on their assigned stock, though the voting power of it had passed to the trustees. This last feature enabled the trustees or committee to elect all the directors of all the corporations, and through them the officers, and thereby to exercise an absolutely controlling influence over the policy and operations of each constituent company, to the ends and with the purposes above mentioned. Though the "trust," in this sense, is now seldom if ever resorted to as a form of corporate organization, having given place to the "holding corporation" and other devices, the word has become current in statute laws as well as popular speech, to designate almost any form of combination of a monopolistic character or tendency. See Black, Const. Law (3d Ed.) p. 428; Northern Securities Co. v. U. S., 193 U.S. 197, 24 Sup.Ct. 436, 48 L.Ed. 679; MacGinniss v. Mining Co., 29 Mont. 428, 75 P. 89; Georgia Fruit Exchange v. Turnipseed, 9 Ala.App. 123, 62 So. 542, 546; Mallinckrodt Chemical Works v. State of Missouri, 35 S.Ct. 671, 673, 238 U.S. 41, 59 L.Ed. 1192. 


In a looser sense the term "trust" is applied to any combination of establishments in the same line of business for securing the same ends by holding the individual interests of each subservient to a common authority for the common interests of all. Mallinckrodt Chemical Works v. State of Missouri, 35 S.Ct. 671, 673, 238 U.S. 41, 59 L.Ed. 1192. 


TRUST ESTATES AS BUSINESS COMPANIES. A practice originating in Massachusetts of vesting a business or certain real estate in a group of trustees, who manage it for the benefit of the beneficial owners; the ownership of the latter is evidenced by negotiable (or transferable) shares. The trustees are elected by the shareholders, or, in case of a vacancy, by the board of trustees. Provision is made in the agreement and declaration of trust to the effect that when new trustees are elected, the trust estate shall vest in them without further conveyance. The declaration of trust specifies the powers of the trustees. They have a common seal; the board is organized with the usual officers of a board of trustees; it is governed by by-laws; the officers have the usual powers of like corporate officers; so far as practicable, the trustees in their collective capacity, are to carry on the business under a specified name. The trustees may also hold shares as beneficiaries. Provision may be made for the alteration or amendment of the agreement or declaration in a specified manner. In Eliot v. Freeman, 31 Sup.Ct. 360, 220 U.S. 178, 55 L.Ed. 424, it was held that such a trust was not within the corporation tax provisions of the tariff act of Aug. 5, 1909. See also Zonne v. Minneapolis Syndicate, 31 S.Ct. 361, 220 U.S. 187, 55 L.Ed. 428. 


TRUSTEE. The person appointed, or required by law, to execute a trust; one in whom an estate, interest, or power is vested, under an express or implied agreement to administer or exercise It for the benefit or to the use of another called the cestui que trust. Pioneer Mining Co. v. Tyberg, C.C.A.Alaska, 215 F. 501, 506, L.R.A.1915B, 442; Kaehn v. St. Paul Co-op. Ass'n, 156 Minn. 113, 194 N.W. 112; Catlett v. Hawthorne, 157 Va. 372, 161 S.E. 47, 48. Person who holds title to res and administers it for others' benefit. Reinecke v. Smith, Ill., 53 S.Ct. 570, 289 U.S. 172, 77 L.Ed. 1109.


In a strict sense, a "trustee" is one 'who holds the legal title to property for the benefit of another, while, in a broad sense, the term is sometimes applied to anyone standing In a fiduciary or confidential relation to another, such as agent, attorney, bailee, etc. State ex rel. Lee v. Sartorius, 344 Mo. 912, 130 S.W.2d 547, 549, 550. 


"Trustee" is also used in a wide and perhaps inaccurate sense, to denote that a person has the duty of carrying out a transaction, in which he and another person are interested, in such manner as will be most for the benefit of the latter, and not in such a way that he himself might be tempted, for the sake of his personal advantage, to neglect the interests of the other. In this sense, directors of companies are said to be "trustees for the shareholders." Sweet. 


Conventional Trustee One appointed by a decree of court to execute a trust, as distinguished from one appointed by the instrument creating the trust. Gilbert v. Kolb, 85 Md. 627, 37 Atl. 423.


Joint Trustees Two or more persons who are intrusted with property for the benefit of one or more others. 


Judicial Trustee A "judicial trustee," as distinguished from a conventional trustee, is an officer of a chancery court whose acts are generally limited and defined by familiar and settled rules and procedure. Kramme v. Mewshaw, 147 Md. 535, 128 A. 468, 472. 


Public Trustee An act of 1906 referring to England and Wales provides for the appointment of a public trustee to administer estates of small value, to act as custodian trustee, or as ordinary trustee or judicial trustee, or to administer the property of a convict under the Forfeiture Act. 


Quasi Trustee A person who reaps a benefit from a breach of trust, and so becomes answerable as a trustee. Lewin, Trusts (4th Ed.) 592, 638. 


Testamentary Trustee A trustee appointed by or acting under a will; one appointed to carry out a trust created by a will. The term does not ordinarily include an executor or an administrator with the will annexed, or a guardian, except when they act in the execution of a trust created by the will and which is separable from their functions as executors, etc. See In re Hazard, 51 Hun, 201, 4 N.Y.Supp. 701; In re Valentine's Estate, 1 Misc. 491, 23 N.Y. Supp. 289; In re Hawley, 104 N.Y. 250, 10 N.E. 352.


Trustee Acts The statutes 13 & 14 Vict. c. 60, passed in 1850, and 15 & 16 Vict. c. 55, passed in 1852, enabling the court of chancery, without bill filed, to appoint new trustees in lieu of any who, on account of death, lunacy, absence, or otherwise, are unable or unwilling to act as such; and also to make vesting orders by which legal estates and rights may be transferred from the old trustee or trustees to the new trustee or trustees so appointed. Mozley & Whitley. 


Trustee Ex Maleficio A person who, being guilty of wrongful or fraudulent conduct, is held by equity to the duty and liability of a trustee, in relation to the subjectmatter, to prevent him from profiting by his own wrong. Rice v. Braden, 243 Pa. 141, 89 A. 877, 880. Alabama Water Co. v. City of Anniston, 227 Ala. 579, 151 So. 457, 458. 


Trustee in Bankruptcy A person in whom the property of a bankrupt is vested in trust for the creditors. Trustee Process The name given, in the New England states, to the process of garnishment or foreign attachment. 


Trustee Relief Acts The statute 10 & 11 Vict. c. 96, passed in 1847, and statute 12 & 13 Vict. c. 74, passed in 1849, by which a trustee is enabled to pay money into court, in cases where a difficulty arises respecting the title to the trust fund. Mozley & Whiteley. 


TRUSTER. In Scotch law. The maker or creator of a trust. TRUSTIS. In old European law. Trust; faith; confidence; fidelity. 


TRUSTOR. One who creates a trust. Also called settlor. Ulmer v. Fulton, 129 Ohio St. 323, 195 N.E. 557, 564, 97 A.L.R. 1170. 


TRUTH. There are three conceptions as to what constitutes "truth": Agreement of thought and reality; eventual verification; and consistency of thought with itself. Memphis Telephone Co. v. Cumberland Telephone & Telegraph Co., C.C.A. Tenn., 231 F. 835, 842. 

For "Fact" and "truth" distinguished, see Fact.

USEFUL TOOLS-CASE LAWS

"Case Laws" can be important tools to have on you tool belt.

 

Murdock v. Penn., 319 US 105, it says "No state shall convert a liberty into a privilege, license it, and attach a fee to it." 

Owen v. Independence, 100 S.C.T. 1398, 445 US 622 "Officers of the court have no immunity, when violating a Constitutional right, from liability. For they are deemed to know the law!" 


Marbury v. Madison, 5 US 137 "The Constitution of these United States is the supreme law of the land. Any law that is repugnant to the Constitution is null and void of law." actually do research and informational research service for the best interest the american natural people. 


Brotherhood of Trainmen v. Virginia ex rel. Virginia State Bar, 377 U.S. 1; v. Wainwright, 372 U.S. 335; Argersinger v. Hamlin, Sheriff 407 U.S. 425 “Litigants can be assisted by unlicensed laymen during judicial proceedings. 


Elmore v. McCammon (1986) 640 F. Supp. 905 "... the right to file a lawsuit pro se is one of the most important rights under the constitution and laws." 


Federal Court Guidelines, the Federal Rules of Civil Procedures, Rule 17, 28 USCA "Next Friend "A next friend is a person who represents someone who is unable to tend to his or her own interest”. Under FRCP Rule 17(c) Infant and Incompetent Persons. An Infant or incompetent person who does not have a duly appointed representative may sue by a next friend or by a guardian ad litem


NAACP v. Button, 371 U.S. 415); United Mineworkers of America v. Gibbs, 383 U.S. 715; Johnson v. Avery, 89 S. Ct. 747 (1969) Members of groups who are competent non-lawyers can assist other members of the group achieve the goals of the group in court without being charged with "unauthorized practice of law." 


Board v. Board of Examiners, United State Reports 353 U.S. pages 238,239 " The practice of law cannot be licensed by any State ." 


Board v. Board of Examiners, United State Reports 353 U.S. 232 (1957) “a State cannot exclude a person from the practice of law or from any other occupation in a manner or for reasons that contravene the Due Process Clause.”… 


Sims v. Aherns 271 SW 720 (1925)"The practice of law is an occupation of common right."… 


Sherar v. Cullen, 481 F: Therefore "there can be no sanction or penalty imposed upon one because of his exercise of Constitutional Rights." 

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