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Covenant
implied covenants which touch and concernthe land and do not create an active personal obligation in connection with the land. Implied
contract
1 : an agreement between two or more parties that creates in each party a duty to do or not do
trust
of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all
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Reversionary lease
after the expiration of a former lease. It did not create any term or estate, but only an interesse termini (see
Remainder
as equitable interests, and in that manner they can be created in respect of personality as well as realty. The follow-ing
Uses
or it might be a special trust unlawful, which was created for fradulent purposes, so as to defraud creditors, to defeat
unity
Conveying the interests of the cotenants at the same time creates the unity of time. Conveying the interests of the cotenants
Estate
which are capable of subsisting or of being conveyed or created at law are: (a) an estate in fee simple absolute
Contingent remainder
the 31st day of December, 1844, shall be, and, if created before the passing of this Act, shall be deemed to
lien
the satisfaction of a debt or other duty that is created by agreement of the parties or esp. by operation of
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