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Demonstrative legacy. A gift in a will that is not a gift of a particular asset in the testator's estate, but rather is a gift of a particular quantity or amount that is payable out of a particular fund.
Associative Property. Commutative Property. A look at the Associative, Distributive and Commutative Properties --examples, with practice problems.
The associative, commutative, and distributive properties of algebra are the properties most often used to simplify algebraic expressions. You will want to have a good understanding of these properties to make the problems in algebra easier to solve.
A demonstrative legacy is a hybrid. In its nature, it is a general legacy, but it is directed to be satisfied out of a specified fund or specified part of the testator's property (see Theobald on Wills (Sweet & Maxwell, 19th ed, 2021), Section D: Understanding a Will: Chapter 21: Types of Legacy: Section 1: Specific, General, and Demonstrative ...
- General
- Specific
- Demonstrative
A general legacy is a gift of something which, if the testator leaves sufficient assets, must be raised by her executor out of her general personal estate. It is a legacy not of any particular thing, but of something which is to be provided out of the testator’s general estate. An example of a general legacy is “I give [pounds] 100 to X”: Wood Esta...
A specific legacy is a gift of some particular thing or of some interest, legal or equitable, forming part of the testator’s estate. It must be identified by a sufficient description and separated in favour of the particular legatee from the general mass of the testator’s personal estate. In other words, a specific legacy is a gift of a severed or ...
A demonstrative legacy shares characteristics of both general and specific legacies. It is in the nature of a specific legacy in that it is a gift of a specified amount or quantity which is directed to be satisfied primarily out of a particular fund or asset. It is in the nature of a general legacy, in that it could be paid out of the general estat...
What a mouthful of words! But the ideas are simple. Commutative Laws. The "Commutative Laws" say we can swap numbers over and still get the same answer ... ... when we add: a + b = b + a. Example: ... or when we multiply: a × b = b × a. Example: Percentages too! Because a × b = b × a it is also true that: a% of b = b% of a.
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Aug 15, 2023 · A demonstrative devise (or bequest) has elements of both general and specific devises because it is a general gift but the will specifies that it is payable from a specified fund or source of property.