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What will happen if the trustee to a property dies and he hasn't named another trustee nor allocated funds to beneficiaries under the contract?
Wiki User
∙ 15y ago
Trust law is extremely complicated. You need to have the trust document reviewed by an attorney who specializes in trust law. She/he can advise you concerning what your options are for having a successor trustee appointed.
Wiki User
∙ 15y ago
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On a land contract in Ohio can the lesses resell the property?
A land contract is just like any other contract, complete with contract law principles. No one can sell the property until either the contract is either fufilled or breached. If it is fufilled, then it becomes the property of the one purchasing the property and after they have successfully completed the contract, they then are free to sell it to whomever they wish. But, if the contract is breached, it is then still the original owners and they can do as they wish, keep the property, sell the property or find another individual willing to enter into another land lease contract. So, while the property is tied up in a land lease contract, no one can sell or buy it until either a satisfaction or breach of the contract is committed.
What is a bargainor?
A bargainor is a person who makes a bargain or contract with another, especially to sell property.
What is a contract that lets your rent someone else's possessions?
A rental agreement can be used to rent tangible property owned by another.
Distinguished gift from sale of goods?
in a contract of sale, property in goods is transferred from one person to another with a consideration while in the case of a gift, property in goods is transferred from one person to another without any consideration
Who may Repossess on another persons property?
Whomever the lien holder has hired for that purpose. Providing you have defaulted on the payment terms of your contract.
What can be the Examples of specialty contract or contract under seal?
Examples of a specialty contract or contract under seal include property deeds and a construction contract. Another example would be business transactions.
Can a trust property be refinanced by a sibling to pay off another in California?
Upon contract a beneficiary and secondary beneficiary are chosen. A sibling can refinance only if their name is initially included on the trust property's contract. If they are not secondary beneficiary, it is very difficult but not impossible if primary beneficiary can not comply.
My coworker was to sue me for breach of contract because I offfer him two years ago that I will sell him my 1969 convert and I sold it to another person?
Convertible Chevy auto or condo? Property offers have to be in a written contract.
When a contract is intended to benefit a third person such a person is referred to as a delegator true or false?
False. A third person who is intended to benefit from a contract is referred to as a third-party beneficiary. A delegator is unrelated to the concept of third-party beneficiaries and refers to someone who transfers a responsibility, duty, or authority to another person.
What is another word for beneficiaries?
grantee, heir, inheritor, legatee, recipient, successor.
Can a subcontractor hire another subcontractor and put a lien on property if second subcontractor is replaced even with a signed contract?
A subcontractor can hire another subcontractor but can only put a lien on the property if the original subcontractor isn't paid. The lien can also be placed if the second subcontractor was not paid because of the original subcontractor was not paid. The replacement of the second subcontractor is not grounds for a lien.
In a property derivative contract how is a contract valued and on what basis?
As of yet, property derivatives traded are total return swaps. As an example, a notional amount will be contracted to where the cashflows of an index e.g. UK IPD will be swapped for the difference of the index and another asset (most commonly LIBOR). These are priced on a cashflow basis - and expectations going forward!
