Equity and Trust Law

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In a trust, what does 'duality of ownership' or 'double dominium' refer to?

Joint ownership with a spouse

Partial ownership rights

Legal and equitable ownership (correct)

Ownership of multiple properties

What is the term often used to describe the right of the beneficiary in a trust arrangement?

Equity of redemption

Double dominium

Equitable interest (correct)

Legal ownership

What distinguishes legal ownership from equitable ownership in a trust?

Recognition by common law vs. recognition by equity (correct)

Ownership period vs. ownership amount

Right to sell vs. right to use

Publicly registered vs. privately held

Which entity typically loses their property to the lender if they fail to repay a mortgage on time?

Mortgagor Signup and view all the answers

What does the right of the mortgagor to repay a loan and recover the property after the due date refer to?

Equity of redemption Signup and view all the answers

What remedy, created by equity, allows a mortgagor to redeem their property even after failing to repay by the due date?

Equity of redemption Signup and view all the answers

In estate contracts, what kind of contract precedes the final conveyance of property to an individual?

Equitable contract Signup and view all the answers

'Equitable interest' is associated with which party's rights in a mortgage arrangement?

Mortgagor Signup and view all the answers

In a trust, what role does equity play in enforcing the rights of the beneficiary?

Creating equitable remedies Signup and view all the answers

Equity and Trust Law

Podcast Beta

Questions and Answers

In a trust, what does 'duality of ownership' or 'double dominium' refer to?

What is the term often used to describe the right of the beneficiary in a trust arrangement?

What distinguishes legal ownership from equitable ownership in a trust?

Which entity typically loses their property to the lender if they fail to repay a mortgage on time?

What does the right of the mortgagor to repay a loan and recover the property after the due date refer to?

What remedy, created by equity, allows a mortgagor to redeem their property even after failing to repay by the due date?

In estate contracts, what kind of contract precedes the final conveyance of property to an individual?

'Equitable interest' is associated with which party's rights in a mortgage arrangement?

In a trust, what role does equity play in enforcing the rights of the beneficiary?

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Equity and Trust Law

Podcast Beta

Questions and Answers

In a trust, what does 'duality of ownership' or 'double dominium' refer to?

What is the term often used to describe the right of the beneficiary in a trust arrangement?

What distinguishes legal ownership from equitable ownership in a trust?

Which entity typically loses their property to the lender if they fail to repay a mortgage on time?

What does the right of the mortgagor to repay a loan and recover the property after the due date refer to?

What remedy, created by equity, allows a mortgagor to redeem their property even after failing to repay by the due date?

In estate contracts, what kind of contract precedes the final conveyance of property to an individual?

'Equitable interest' is associated with which party's rights in a mortgage arrangement?

In a trust, what role does equity play in enforcing the rights of the beneficiary?

More Quizzes Like This

Equity and the Law of Trust Chapter 3 § 3 &amp; 4 Enforceability of Tr...

Equity and the Law of Trust Chapter 6 § 2

Trust Law and Equity Principles Quiz

Equity and Trust: Reception of Equity

Equity and the Law of Trust Chapter 3 § 3 & 4 Enforceability of Tr...