Absolute Property - Law Dictionary Search Results
Vest
Vest, (1) Either to place in possession; to make possessor of; or, to give an absolute interest in property when a named period or event occurs. (2) (of a right or interest) Its coming
fee
: an inheritable freehold estate in real property ;esp : fee simple compare leasehold life estate at estate absolute fee : a fee granted with no restrictions or limitations on alienability : fee simple absolute at fee
Perpetuity
trust may be avoided, Re Villar, (1929) 1 Ch 243. The rule requires a limitation, whether of an absolute or partial interest, positively and necessarily to vest within the period prescribed, and not to depend upon a … Perpetuity, concerns rights of property only, and does not affect the making of contracts, which do not create rights of property, Ram Baran
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Pawnbroker
and days of grace, shall at the end of the days of grace become and be the pawnbroker's absolute property. 18. Pledge above 10s. redeemable until sale. A pledge pawned for above ten shillings shall further continue redeemable
Limited owner
tenant for life, in tail or by the courtesy, or other person not having a fee-simple in his absolute disposition. The legal estates of limited owners were reduced to equitable interests after 1925 by the (English) Law … The legal estates of limited owners were reduced to equitable interests after 1925 by the (English) Law of Property Act, 1925, ss. 1 and 4. See SETTLED LAND. Limited owner commonly means a person with restricted rights
Fee
reward or recom-pense for services. See FEES. Also an estate of inheritance divided into there species: (1) fee-simple absolute; (2) qualified or conditional or base fee, including (3) fee-tail, formerly fee-conditional. By the (English) Law of Properties … Fee [fr. feoh, Sax.; fee, Dan., cattle; feudum, Med. Lat.; feu, Scot.], property peculiar; reward or recom-pense for services. See FEES. Also an estate of inheritance divided into there species: (1)
Absolute liability
Matched in: Term Absolute liability
nullity
marriage that is an absolute nullity does not have to be annulled to terminate its legal effects (as property rights). rel·a·tive nullity in the civil law of Louisiana : a nullity that can be cured by confirmation … or state of being null 2 : an act, proceeding, or contract void of legal effect compare impediment absolute nullity in the civil law of Louisiana : a contract or act considered void by virtue of a
fee simple
title that creates a fee simple (as a fee simple absolute) [entitled him to ownership of the disputed property in fee simple "National Law Journal"] … that is alienable (as by deed, will, or intestacy) and of potentially indefinite duration ;esp : fee simple absolute in this entry fee simple absolute : a fee that is freely inheritable and alienable without any limitations
Property
Matched in: Term Property
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