Ignorantia juris neminem excusat
Latin - ignorance of the law is no excuse.
Implied trust
A non-express trust is created without an express and intentional declaration by the settlor. There are 3 types of non-express trust: Implied, Resulting and Constructive. An implied trust (also called a presumptive trust) arises where there is an implied or presumed intention (intention may be unexpressed) on your part to create a trust for property or an interest in property owned by you. For example, say you arrange for ownership of your property to be in the name of your friend. You are deemed trustee of the property for your friend. You now hold that property in trust for your friend whether you like it or not.
In personam
An in personam right is a personal right attaching to a specific person.
In rem
All legal rights are either in personam or in rem. In rem rights are proprietary in nature. They are related to the ownership of property and not based on any personal relationship.
In specie
Latin - in kind.
The formation of a corporation.
Legal rights which are intangible such as copyrights or patents.
Incorporeal Property
Property rights which are intangible, such as a debt.
A right or title in property that cannot be made void, defeated or canceled by any past event, error or omission in the title. Certificates of title issued under the Torrens land titles system are said to be "indefeasible" because the government warrants that no interests burden the title other than those shown on the certificate.
An agreement to compensate a person for damage, expense or loss.
A deed involving two or more parties.
Indirect tax
A tax which places the burden on a person other than those formally liable to pay.
A court order that prohibits a party from doing something (prohibitory injunction) or compels them to do something (mandatory injunction).
To be unable to pay debt's as they arise.
A written question passing from one party to another in a civil proceeding, prior to trial, which requires a written answer.
A circumstance where a deceased person has left an invalid or only partially complete will.
Invitation to treat
An invitation from one party to another to make an offer during contractual negotiations. Invitations to treat do not in themselves constitute offers. Common examples include the display of goods in a shop window or a cataglogue of goods for sale.
Irrebuttable presumption
A presumption which is accepted as conclusive at law and cannot be denied through the use of evidence.


Copyright © Bailiff/ 2000 - All rights reserved Design By DK ‹› Contact The Webmaster