(Download) "Bowen V. Darden" by Supreme Court of North Carolina ~ eBook PDF Kindle ePub Free
eBook details
- Title: Bowen V. Darden
- Author : Supreme Court of North Carolina
- Release Date : January 03, 1954
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 53 KB
Description
Trusts are classified in two main divisions: express trusts and trusts by operation of law. The cardinal distinction between the two classes is that an express trust is based upon a direct declaration or expression of intention, usually embodied in a contract; whereas a trust by operation of law is raised by rule or presumption of law based on acts or conduct, rather than on direct expression of intention. Teachey v. Gurley, 214 N.C. 288, 199 S.E. 83; 54 Am. Jur., Trusts, sections 186 and 187. See also 65 C.J., p. 220 et seq.