This case has been cited 1 times or more.
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2009-01-30 |
CHICO-NAZARIO, J. |
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| In its technical legal sense, a trust is defined as the right, enforceable solely in equity, to the beneficial enjoyment of property, the legal title to which is vested in another, but the word "trust" is frequently employed to indicate duties, relations, and responsibilities which are not strictly technical trusts.[30] A person who establishes a trust is called the trustor; one in whom confidence is reposed is known as the trustee; and the person for whose benefit the trust has been created is referred to as the beneficiary.[31] There is a fiduciary relation between the trustee and the beneficiary (cestui que trust) as regards certain property, real, personal, money or choses in action.[32] | |||||