Contingent - Law Dictionary Search Results
Home Dictionary Name: contingentContingent remainder
Contingent remainder, a remainder limited so as to depend on an event or condition which may never happen or be performed, or which may not happen or be performed till after the determination of the preceding estate, Fearne, Cont. Remainders.The legal estate in contingent remainders has been abolished by the Law of Property Act, 1925, s. 1. S. 4, whoever, provides that they can take effect as equitable interests, and any instrument creating a contingent remainder has become a settlement under s. 1 (ii) of the (English) S.L. Act, 1925. See SETTLED LAND.In Smith d. Dormer v. Parkhurst, (1740) 18 Vin. Abr. 413; 6 Bro. Cas. Par. 351, the Court held that, in every case where an estate is given to A. for life, the grantor has an interest remaining in him to enter upon the estate, if it should determine by any act of the tenant amounting to a forfeiture; that this right is inherent in the grantor, from the nature of the estate itself, and may be conveyed to trustees; and that, when it is conv...
Contingent legacy
Contingent legacy, one bequeathed on a contingency; e.g., if the legatee attain twenty-one.The contingency may only relate to the disposal of the fund, or it may relate to the position or existence of the beneficiary; in the first case as in a bequest to be paid or payable to A. when he shall attain twenty one years, the legacy is vested and not contingent and although he may never attain the age his personal representatives will be entitled to the legacy, but if the words 'paid' or 'to be payable' are omitted and the legacy is to A. on attaining twenty-one years of age his personal representatives will not be entitled to the legacy if he dies under that age. These are said to be positive rules of construction, Williams on Executors and Administrators, 12th Edn. P. 794, but the prima facie inference may be negatived by the context of the will taken as a whole. There are certain other guides to construction, e.g., in general, a gift of interest in the interim or a direction to pay maint...
contingency
contingency pl: -cies 1 : the quality or state of being contingent 2 : a contingent event or condition: as a : an event that may but is not certain to occur [a that made performance under the contract impossible] b : something likely to come about as an adjunct to or result of something else ;specif : contingency fee at FEE [whether a case is on a or billed at an hourly rate "D. R. Frederico"] ...
Contingency Fund
Contingency Fund, is a fund placed at the disposal of the executive to meet the unforeseen expenditure, Dictionary of Constitutional and Parliamentary Terms, Lok Sabha Secretariate, 2005 Edn., p. 98.Contingency Fund, is established and regulated by law made by Parliament and Contingency fund of a State by the Legislature of that State, Constitution of India, Art. 267(1) and (2)...
Contingency with a double aspect
Contingency with a double aspect, is a kind of executory interest which maybe termed an alternative interest. This is an 'interest that is only to vest in case the next preceding interest should never vest in any way, through the failure of the contingency on which such preceding interest depends. As when a testator devises to A. for life; and if he have issue male, then to such issue male and his heirs for ever; and if he die without issue male, then to B. and his heirs for ever; or, where a testator bequeaths personal estate to the first son of A., and if A. should have no son, then to B.' These interests, considered in conjunction with those for which they are substitutionary, are sometimes termed 'contingencies with a double aspect.'-Smith's Compendium of Real and Personal Property, 6th Edn., p. 376....
Contingent
Contingent, an interest is said to be contingent if the right of enjoyment is made dependent upon some event or condition which may or may not happen. On the happening of the event or condition a contingent interest becomes a vested interest, Usha Subbarao v. B.N. Vishverswaraiah, (1996) 5 SCC 201 (208)....
contingent fee
contingent fee : contingency fee at FEE ...
destructibility of contingent remainders
destructibility of contingent remainders :a now largely abolished rule in the law of estates that a contingent remainder that fails to vest upon the termination of the preceding estate is destroyed see also executory interest at interest ...
Contingent liability
Contingent liability, as a liability which, by reason of something done by the person bound, will necessarily arise or come into being if one or more of certain events occur or do not occur, Glenister v. Rowe (CA), (1999) 3 WLR 716.Contingent liability, must arise out of an existing or underlying liability, no such liability can exist simply by reason of a claim for costs made in a writ, summons, application or notice of appeal to the judge or to the Court of Appeal, Glenister v. Rowe (CA), (2000) Ch LR 76....
Contingent use
Contingent use, is a use limited in a conveyance of land, which may or may not happen to vest, according to the contingency expressed in the limitation of such use: see Cun. Law. Dict.; 1 Rep. 11; Gilbert on Uses, 3rd Edn. By e.B. Sugden, p. 164 n....
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