The legal elements of the Cestui Que Vie trust. Citizenship, Social Security, birth certificates and other Cestui Que Vie trusts as invisible contracts
The legal elements of the Cestui Que Vie trust. Citizenship, Social Security, birth certificates and other Cestui Que Vie trusts as invisible contracts
The legal elements of the Cestui Que Vie trust. Citizenship, Social Security, birth certificates and other Cestui Que Vie trusts as invisible contracts
stay.) In practice. A stay of execution; or an order for such stay; the entry of such stay on record. 2 Tidd, Pr. 1104.
fs of two kinds, either voluntary or compulsory, (judiciaire,) corresponding very nearly
to liquidation by arrangementand bankruptcy in English and American law.
CE SSE T PROCESSUS. (Let process
stay.) A stay of proceedings entered on the record.
CESSION OF GOODS. The surrender
of property; the relinquishment that a debtor makes of all his property to bis creditors, when he finds himself unal>le to pay his debts. Ci vii Code La. art. 2170.
CESSIO. Lat. A cession; a giving up,
or relinquishment; a surrender; an assign ment. CESSIO BONORUM. Jn Roman law. Cession of goods. A surrender, relinquish ment, or assignment of all his property and effects made by an insolvent debtor for the benefit of his creditors. The effect of this voluntary action on the debtor's part was to secure him against imprisonment or any bodily punishment, and from infamy, and to cancel bis debts to the extent of the property cetled. It much resembled our voluntary bankruptcy or assignment for creditors. 'rhe term is commonly employed in modern continenlal jurisprudence to designate a bankrupt's assignment of property to be distributed among his creditors, and is used in the same sense by some English and American writers, but here rather as a convenient than as a strictly technical term. See 2 Bl. Comm. 473; 1 Kent, Comm . 247,422; Ersk. Inst. 4, 3, 26. CESSIO IN JURE. In Roman law. A fictitious suit, in which the person who w:.s to acquire the thing claimed ( vindicabat) ihe thing as his own, ~he pcr.:ion. who was to transfer it acknowledged the justice oE the claim. and the magh;Lrate pronounced it to be the property (a<ldicebat) of the claimant. Sandars' Just. Inst. (5th Ed.) 89, 122. CESSION. The act of ceding; a yielding or giving up; surrender; relinquishment of property or rights. In t he civil law. An assignment. The act uy which a party transfers propmty to another. The 11urrender or assignment of property for the benefit of one's crcditors. In ecclesiastical law. A giving up or vacating a ueneOce. by accepting another without a proper dispensation. 1 Bl. Comm. 392; Latch, 234. In public law. The assignment, transfer, or yielding up of territory by one state or government to another. CESSION DES BIENS. In French law. The surrender which a debtor makes of all his goods to bis creditors, when he finds himself in insolvent circumstances. It
CESSIONARY. In Scotch law.
signee. .Bell.
An as-
CESSIONARY BANKRUPT. One who
gives up his estate to be divided among hia creditors. CESSMENT.
An assessment, or tax.
CESSOR. One who ceases or neglects so
long to perform a duty that he thereby incurs the danger of the law. 0. N. B. 136.
CESSURE. L. Fr. A receiver; a bailiff.
Kelham. C'EST ASCAVOIR. L. Fr. That ls to say, or to-wit. Generally written as one word, cesta~cavoir, cestascavoire. C'est le crime qui fait la honte, et non pas l'echafaud. It is the offense which causes the shame, and not the scaffold. CESTUI, CESTUY. He. Used freq nently in composition in law French phrases. CESTUI QUE TRUST. He who has a right to a beneficial interest in and out of an estate tha legal title to which is vested in another. 2 Washb. Real Prop. 163. The person who possesses the equitable right to property and receives ihe rents, issues, and profits thereof, the legal estate of which is vested in a trustee. It bas been proposed to substitute for this nncouth term the English word "beneficiary," and the latter, though still far from universally adopted, bas come to be quite frequently used. It is equal in precision to the antiquated and unwioldy Norman phrase. and far better adapted to the genius of our language.
CESTUI QUE USE. He for whose use
and ben~fit lands or tenements are held by another. The ceslui qt'e use has the right to receive the profits and benefits of the estate, but the legal title anti possession (as well as the duty of defending the same) reside in the other. CESTUI QUE VIE. He whose life ls the measure of the duration of an estate. 1 Wasbb. RPal Prop. 88.