Legal Formalities For Creation And Transfer Of Property Rights Flashcards
1
Q
Milroy v Lord (1862)
A
Turner LJ reaffirmed three methods of making a gift recognised by equity :
1) the donor arranges an outright transfer of legal title to the property ( or the outright assessment of an already existing equitable interest )
2) the donor transfers the legal title of the property to the trustee to hold on trust
3) the donor declares himself a trustee of the property to
Turner made the rule that Equity will not assist a volunteer to perfect an imperfect gift