14:18
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Simple English definitions for legal terms
executed use
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A quick definition of executed use:
Executed use is a legal term that means the long-term possession and use of something for its intended purpose. It is different from temporary or occasional use. There are many other types of uses, such as conditional use, nonconforming use, and public use. Some uses are related to property, while others are related to patents or trademarks. There are also historical uses, like permissive use and official use. Overall, executed use refers to the ongoing and established use of something.A more thorough explanation:
Definition: A type of use resulting from the combination of equitable and legal titles of an estate, done to comply with the Statute of Uses' mandate that the holder of an estate be vested with legal title to ensure the holder's liability for feudal dues.
Example: John owns a piece of land and wants to transfer it to his son, Tom. John executes a deed of conveyance, transferring the legal title to Tom. However, to comply with the Statute of Uses, John also creates a use in favor of Tom, which gives Tom the equitable title to the land. This way, Tom has both the legal and equitable titles to the land, making him liable for feudal dues.
Explanation: In this example, John creates an executed use to ensure that Tom has both the legal and equitable titles to the land. This is necessary to comply with the Statute of Uses, which requires that the holder of an estate be vested with legal title to ensure their liability for feudal dues. By creating an executed use, John ensures that Tom has both titles, making him liable for feudal dues.