Property Trust: Legal Aspects, Concepts, and Requirements
Property Trust
1. Relevant Legislation: Law 4.728/65 and Articles 1361 to 1368 of the Civil Code.
2. Concept: Property trust is the transfer that a debtor makes to a creditor, granting resolvable ownership of movable property, in order to secure payment of a debt related to financing the acquisition of the property.
3. Parties Involved:
3.1. Trustor: The direct debtor and owner of the property.
3.2. Fiduciary: The creditor who receives the property in trust, ensuring compliance with the contract.
4. Characteristics:
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Key Concepts in US Law and Jurisprudence
Definitions
- Administrative Law: The collection of rules and decisions made by administrative agencies to fill in particular details missing from constitutions and statutes.
- Business Law: The enforceable rules of conduct that govern the actions of buyers and sellers in market exchanges.
- Case Law: The collection of legal interpretations made by judges. They are considered to be law unless otherwise revoked by a statutory law. Also known as common law.
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