Where a deed vested properties in trust in the defendant
(1) firstly for the performance of certain charities out of the income and
(2) secondly for the division of the surplus amongst the plaintiffs in certain shares which of the two is a trust for a specific purpose within Section 10, Limitation Act, 1963?

Where a deed vested properties in trust in the defendant
(1) firstly for the performance of certain charities out of the income and
(2) secondly for the division of the surplus amongst the plaintiffs in certain shares which of the two is a trust for a specific purpose within Section 10, Limitation Act, 1963? Correct Answer 2

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Principle: A person is duty bound to act with such reasonable caution as a prudent man would have exercised under such circumstances.
Facts: The defendant 'D', built a hay stack near the boundary of his land which bordered the plaintiffs land. He had been warned several times by many in the vicinity over a period of five weeks that the manner in which he built the hay stack was dangerous. The defendant's hay stack had been built with a precautionary "chimney" to prevent the hay from spontaneously igniting, but one day it caught fire. Consequently, the hay ignited and spread to the plaintiffs land, burning down two of the plaintiffs cottages.
Is 'D' liable?
X' executed a sale deed in favour of 'Y' on 1st January, 2002. Subsequently on 10th January, 2002, 'X' executed a sale deed in respect of the same property in favour of 'Z'. Thereafter the sale deed in favour of 'Z' executed on 10th January, 2002 was registered on 20th January, 2002. Whereas the sale deed in favour of 'Y' was registered on 30th January, 2002.
In the said case, by virtue of section 47