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Encyclopedia Britannica - Main :: DIO-DRO |
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DISCLAIMER , a renunciation, denial or refusal; a disavowal of claims. In law the term
tenant
part
tenant
title , or it may be an act which is wholly inconsistent with the existence of such relation, as the setting up by the tenant of a distinct title either in himself or some third party. (2) In the law of bankruptcy, where any part
land
tenure burdened with onerous covenants, of stocks or shares in companies, of unprofitable contracts, or of any property that is unsaleable, or not readily saleable, by reason of its binding the possessor to the performance of any onerous act, the trustee, notwithstanding that he has endeavoured to sell or has taken possession of the property, or exercised any act of ownership in relation to it, may, subject to certain provisions, by writing signed by him, at any time within twelve months after the first appointment of a trustee, " disclaim " the property (see BANKRUPTCY). (3) In the law of trusts, disclaimer is the refusal or renunciation of the office or duties of a trustee. It is an undisputed rule
instrument , he should determine whether he will accept the office or not. Disclaimer of trust should be by deed, as admitting of no ambiguity, but it may be by conveyance
protection
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