3. Constitution Flashcards
Milroy v Lord
Equity will not assist a volunteer to perfect an imperfect gift
LPA 1925, s 52
Must be satisfied for transfer of legal title in land
Richards v Delbridge
Transfer of legal title in land must be by deed
Deed must comply with LP(MP)A 1989, s 1
Stock Transfer Act 1963
Shares must be transferred by transferor signing stock transfer form in favour of the transferee
Re Cole
Chattels may be transferred either by a deed of gift or actual delivery, accompanied by the transferor intending to transfer them
LPA 1925, s 136
Notice in writing must be given to debtor (i.e. Bank) for legal title to the bank account to be transferred
Jones v Lock
If donor intended absolute gift but failed effectively to transfer property, equity will not construe failed absolute gift as declaration of trust
Paul v Constance
Effective declaration of trust was found, because court found sufficient intention on part of Constance to make himself a trustee of the money in the account
Re Rose
Where S has done everything within his power, equity may regard transfer as complete
Mascall v Mascall
Same principle as in Re Rose, but here necessary documentation given to 3P
Strong v Bird
Imperfectly vested lifetime gift is perfected when legal title invest in donee because he became personal representative to donor
Re Stewart
Rule applies whether donee is so executor or one of several
Re James
Even applies where donee becomes administrator on intestacy of donor
Re Ralli’s WT
Trust would become constituted if the trust property came into the trustees’ hands in any legitimate way – capacity in which title is obtained is irrelevant
Cain v Moon
Requirements for dmc
- Gift made in contemplation of death, which donor believes to be imminent
- Gift is conditional on death
- There is delivery of property