Sharing the notes [2014] "There is always a room for the readers to excite themselves with 'CORRECTION' & 'CREATIVITY'". JUAL JANJI ü This transaction is not recognized under NLC. ü Court only recognized this transaction under the contract of sale. – S.206(3) ü CONCEPT : 1. The borrower will ‘transfer’ the land to the lender as security of loan transaction, and lender will ‘take possession’ of it. 2. Upon the ‘take possession’, the lender may make out any profits from the lands, and those profits shall belongs solely to the lender, as symbolising an interest for the loan that he had given to the borrower. 3. Remedy for the borrower Ø He can discharged the land (get back the land) after made a full payment within the period of time agreed. 4. Remedy for th...
assalam & salam sejahtera Law of Trust & Equity : Specific Rules in Interpreting the Wills .................................Here it goes................................... è SPECIFIC RULES IN INTERPRETING THE WILLS ü THERE ARE 4 GENERAL RULE USED BY COURT TO INTERPRET 1. Literal rule : Give a literal approach on the words. 2. Golden rule : 3. Euisdem Generis rule : The words is interpret acc. to its class. Ø Eg : ‘Money’ – can meant as house, prop., chattle, etc. è FAILURE OF A GIFT UNDER THE WILL 1) Disclaimer by the beneficiary. ü TOWNSON v TICKELL · PRINCIPLE : A man is allowed not to accept any gift via the will if he choose to do so. He is however, i. ...
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