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Cestui |
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CESTUI. He. This word is frequently used in composition as, cestui que trust, cestui que vie, &c. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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Courts have analogized the rights of mutual policyholders to a cestui que trust in that legal title to the corporate property is vested in the company but is devoted solely to providing life insurance at cost for the benefit of policyholders. In addition to stressing God and conscience, Ellesmere also invokes "proportionable Satisfaction" and the reciprocity of benefit and recompense, in the later instance employing an example from trust law: "as if Cestui que use, sell the Land to one that hath no Notice of the Use, and dieth; by Reason that he had the Benefit of the Sale, his Executors were ordered to answer the Value of the Land out of his Estate. |
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