GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
22:58 Mar 24, 2013 |
Arabic to English translations [PRO] Law (general) | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Abdelmonem Samir Local time: 18:55 | ||||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
5 +1 | Termination of trust |
| ||
5 | Termination of Endowment |
|
Termination of trust Explanation: Or termination of Waqf -------------------------------------------------- Note added at 3 mins (2013-03-24 23:01:33 GMT) -------------------------------------------------- termination of trust A trust is automatically terminated when its purpose is fulfilled or when the purpose becomes illegal, impossible, impractical, or contrary to public policy. The trustor cannot revoke a trust unless it was created under duress, by mistake or fraud, or (under the US Practice of revocable trust) he or she has reserved the power to do so. In general, the beneficiaries of trust who all consent and have the full legal capacity (are of legal age and of sound mind) to act on their own behalf, can terminate a trust by forcing the trustees to convey the trust property to them provided the termination does not defeat the purpose of trust irrespective of the wishes of the trustees and/or the trustor. Read more: http://www.businessdictionary.com/definition/termination-of-... http://www.businessdictionary.com/definition/termination-of-... |
| |
Login to enter a peer comment (or grade) |
Termination of Endowment Explanation: Termination of Waqf/Endowment |
| |
Login to enter a peer comment (or grade) |
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.