Advertisement

Conveyancing pp 134-155 | Cite as

A Sale by Trustees for Sale

  • Priscilla Sarton
Part of the Macmillan Professional Masters book series (PRMA)

Abstract

Suppose you are buying an unregistered title. You are buying it from Abel and Bertha. You read a copy of the conveyance to them. A clause in it says ‘the purchasers declare that they hold the property hereby conveyed on trust to sell the same (with power to postpone sale), and to hold the net proceeds of sale, (and pending sale, the income of the land) on trust…’. It does not require a great mental effort to deduce from this that Abel and Bertha hold the legal estate as trustees for sale. The trust to sell is expressly declared.

Keywords

Purchase Price Mortgage Loan Building Society Express Trust Sole Owner 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Priscilla Sarton 1991

Authors and Affiliations

  • Priscilla Sarton
    • 1
  1. 1.College of LawUK

Personalised recommendations