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What legal association does someone who holds property for someone else?
Wiki User
∙ 16y ago
If you hold personal property of someone else, without payment, it can be called a "bailment" in which you are the bailee and the property owner is a "bailee". You may also be a trustee of a constructive (implied) or actual trust in which you hold property that belongs to someone else. For example, if you find valuable property, you are a constructive trustee of the owner and have a legal obligation to return the property upon demand by the owner. Furthermore, you could hold someone's property "in escrow", pending completion of some event. There are other similar arrangements, depending upon the intent of the owner and the possessor.
Wiki User
∙ 16y ago
A person who holds property for someone else is known as a "fiduciary" and is typically obligated to act in the best interests of the property owner. This relationship is often governed by laws related to trusts, agency, or other legal arrangements, depending on the specific circumstances. The fiduciary has a duty to manage the property responsibly and to avoid any conflicts of interest.
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Can people who steal ideas be arrested?
No, stealing ideas is not a criminal offense. However, if someone infringes on intellectual property rights by using, selling, or distributing the stolen ideas, legal action can be pursued through civil court. It is important to protect ideas through patents, copyrights, or trademarks to have legal recourse if they are stolen.
How do you collect property back that you loaned someone?
You can ask the borrower to return the property, reminding them of the agreement. If they refuse, you may need to take legal action by sending a demand letter or filing a lawsuit in small claims court to recover the property. It's important to document all communication and keep records of the loan agreement.
What is civil personality?
Civil personality refers to the legal capacity of an individual to have rights and obligations, to be recognized as a person under the law, and to exercise legal actions. It allows individuals to enter into contracts, own property, sue and be sued, and engage in other legal activities. It is a fundamental concept in the field of jurisprudence and plays a crucial role in shaping legal relationships in society.
How can you file extortion charges against someone on behalf of someone else in California?
To file extortion charges in California on behalf of someone else, the victim or their legal representative should contact the police to report the incident. The police will investigate the matter, gather evidence, and determine if there is enough proof to press charges against the perpetrator. It is recommended to consult with a lawyer for guidance on the legal process.
How do you enter someone into a mental instute?
To admit someone into a mental health institution, they usually need to be assessed by a healthcare professional to determine if hospitalization is necessary for their safety or the safety of others. This process typically involves a psychiatric evaluation and may require consent from the individual or a legal guardian depending on the situation. It's important to follow legal and ethical guidelines when seeking involuntary hospitalization.
In law terms what does usufructuary mean?
Someone who holds property by the legal right of using and enjoying the fruits or profits of something belonging to another. Source:http://www.answers.com/topic/usufructuary
What is an assesment lien?
An assessment lien is a legal claim on an owners property for collateral against delinquent assessments for a homeowners' association. They are provided for in the governing documents of an association.
2nd phase was developed 2 yrs after 1st. Can you force a homeowner to join into the HOA even if Developer failed to join the property into the HOA formed for the 1st Phase?
A home owners association is a legal, land-use definition of property. Purchaser who buys property in an association is -- by definition -- a member: s/he joined when s/he purchased. If you wish to challenge your status in the association, you can work with an association-savvy attorney who can help you understand your situation from a legal point of view.
Can one get a loan on property in a revocable trust?
The trustee holds the legal interest in the property according to the terms of the trust. The trustee may mortgage the property if that power was granted in the trust instrument.
Can a homeowners association put a foreclosure on a property?
Yes--if a lien has been filed and remains unpaid and/or unchallenged in legal proceedings.
Where can someone receive free legal aid?
The American Bar Association maintains a listing of programs which provide pro bono services. In addition, Legal Aid has offices which can assist someone who cannot afford legal services.
A rental property was deeded over to siblings via a life estate deed transfer who is legally liable in the event the property is sued?
The siblings are the legal owners of the property so they would be legally liable. For example, if someone was injured on the property they would sue the legal owners. If the property taxes were not paid the legal owners would be liable and the property would be taken as against the legal owners.
What legal power does a homeowners organization have?
The charter of a Home Owner Association (HOA) usually states the powers, but, in general, the HOA is a collective entity that is established in part to protect the mutual interests of the members against violations. The association may have legal standing to be heard in any zoning or building case that relates to property of the members individually, the HOA common ownership, or any abutting property to that of the association.
Who has the legal title of the property in a trust?
Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.
Can a Florida home owners association cut down trees on a privately owned lot?
A home owner's association -- as a legal entity -- is a property owner with the same rights as other property owners in the locale. It can cut down trees on land owned by the condominium. It cannot cut down trees on a privately owned lot, which would be land owned by someone else, without the written consent of that landowner.
What does squatting leases mean?
Squatting leases refer to when someone occupies a property without the legal right to do so, usually in defiance of the property owner or occupant. These individuals do not have permission to stay on the property and may face legal action for trespassing.
What is the Legal basis for creating a Property Owners Association?
From a real estate owners point of view, the legal basis is the land-use documents filed in the local hall of records defining the land use as an association -- condominium, co-op or home owners. These include the CC&Rs -- covenants, conditions, reservations and restrictions -- for the use of the land. Deeds of ownership, then, are based on this type of land-use.Then, for the operation of the association -- as a legal basis for how it conducts its business, usually this is based in state corporate law. Associations can be for profit or non-profit, or unincorporated. These include Articles of Incorporation, which if they exist, reference the state corporate law that governs the business, and the By-laws, that describe the business rules.Another PerspectiveA property owner's association is created by a developer of a subdivision, planned community or condominium for the purpose of controlling the use of the property and maintaining its value and aesthetics. The legal basis for creating the property owner's association is land ownership. The developer owns the land and can impose restrictions and protective covenants under the provisions of state laws. Once the property owner's association has been imposed on the land by a recording of documents in the land records, purchasers have notice thereof and purchase their interests subject to the provisions of the property owner's association.
