Conversion, Equitable

Legal Definition and Related Resources of Conversion, Equitable

Meaning of Conversion, Equitable

under the maxim that equity regards that as done which ought to be done, a fictitious conversion is assumed in certain cases to have taken place in order to carry out the intention of the parties . The property thus converted by anticipation will possess all the qualities, incidents and peculiarities of that kind of property into which it is destined to be changed. Thus, if in a will there is an imperative direction to sell realty , then that realty must be deemed personalty .

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