Trusts Flashcards
1
Q
Statute of Uses 1535
A
executes first use but effect is then exhausted at common law.
invalidated all uses that did not impose an active duty on trustees, with the beneficiaries of the use being held as the legal owners of the land, meaning they had to pay ta
2
Q
Formula for creation of trust
A
” unto B and his heirs to the use of B and his heirs in trust for C and his heirs”.
In this case B was seised to his own use, the statute did not exclude the first use and B was said to be in at common law but the trust in favour of C still took effect because it is technically a sue upon a use