Law Definition & Meaning
Lord King LC was worried that trustees might exploit opportunities to use trust property for themselves instead of looking after it. Business speculators using trusts had just recently caused a stock market crash. Strict duties for trustees made their way into company law and were applied to directors and chief executive officers.
- Lord Chief Justice Pratt ruled that even though the boy could not be said to own the jewel, he should be considered the rightful keeper (“finders keepers”) until the original owner is found.
- So the law ought to pre-empt what would happen, and be guided by the most efficient solution.
- While every effort has been made to follow citation style rules, there may be some discrepancies.
- In a parliamentary system, as with Britain, Italy, Germany, India, and Japan, the executive is known as the cabinet, and composed of members of the legislature.
- Western Europe, meanwhile, relied on a
