Under the deed of covenant, he is unable to act for the athletes at British meetings.

But Sail America, invoking its right under the deed, froze them out.

Unfortunately, under the "no good deed goes unpunished rule," snow and cold weather lead to potholes.

They acknowledge that the New Zealand game plan, however unorthodox, was acceptable under the deed.

These trust deeds usually contain an expert clause about the remuneration of the trustee appointed under the deed.

The right, under the deed of gift, to challenge in bigger boats has always been there.

In her ruling, Justice Ciparick said Fay was within his rights under the deed of gift.

Not expecting to have to make any payment under the deed of indemnity.

Fay has maintained that under the deed of gift, the San Diego club is obligated to accept his bid as the first challenge received.

The decision involves risk, since Fay's attorneys say that multihulls are not allowed under the deed of gift.