Podcast
Questions and Answers
In a trust, what does 'duality of ownership' or 'double dominium' refer to?
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 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?
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?
Which entity typically loses their property to the lender if they fail to repay a mortgage on time?
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?
What does the right of the mortgagor to repay a loan and recover the property after the due date refer to?
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?
What remedy, created by equity, allows a mortgagor to redeem their property even after failing to repay by the due date?
Signup and view all the answers
In estate contracts, what kind of contract precedes the final conveyance of property to an individual?
In estate contracts, what kind of contract precedes the final conveyance of property to an individual?
Signup and view all the answers
'Equitable interest' is associated with which party's rights in a mortgage arrangement?
'Equitable interest' is associated with which party's rights in a mortgage arrangement?
Signup and view all the answers
In a trust, what role does equity play in enforcing the rights of the beneficiary?
In a trust, what role does equity play in enforcing the rights of the beneficiary?
Signup and view all the answers
