Law 2101 Study Guide - Quiz Guide: Trustee Act 1925, Legal Personality, Insolvency Act 1986
Document Summary
Ficuaire transferee, can only be legal person or advocate. The treugeber transfers full title, with treuhand becoming full owner. It is classed as a mandate under s. 662 bgb. Beneficiary person for whom the rights are held. The settlor can make a self-declaratory trust through a declaration express trusts. They can be used to benefit third parties. The beneficiary cannot sue third parties who interfere with trust rights, that it up to the trustee. 2018 contract must specify the beneficiary, cannot be for private or charitable purpose. 2013 cannot be for the purpose of transferring wealth or gratuitous transfer. 2020 no specification on who has to register the trust. 2028 may be revoked before accepted, or when in force can be done with consent of beneficiary or court. Usually irrevocable, beneficiaries can bring the contract to an end. 2029 terminates if constituent dies, reaches expiry date or object has been achieved.
