Default - Law Dictionary Search Results
Tail
to the estate upon its creation a, unless there be a limitation over to a third person on default of such descendants, when it vests in such third person or remainder-man. Before 1926, in order to create
Receiver
power of sale under the Act (i.e., by s. 20, now (English) L.P. Act, 1925, s. 103, unless default has been made in payment of the principal, after notice, or interest is in arrear for two months,
Executory limitation
of years absolute or determinable on life, or for term of life, with an executory limitation over on default or failure of all or any of his issue whether within or at any specified period of time
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Escheat
So, while forfeiture affects the rents and profits only, escheat operates on the inheritance. Escheat arose then, from default of heirs, when the tenant died without any lawful and natural born relations on the part of any
Equity of redemption
Real Property Limitation Act, 1874, ss. 7, 8. This equitable right of redemption after the mortgagor has made default in payment must not be confounded with a subsidiary or collateral right in terms of the contract, which
Gavelkind
in the right line to all the sons equally, being an exception to the law of primogeniture. In default of sons, it descended to the daughters in the ordinary manner. It is to be remarked that though
Earnest
the transaction is carried out. (4) It is forfeited when the transaction falls through by reason of the default or failure of the purchaser. (5) Unless there is anything to the contrary in the terms of the
surety
of an undertaking 2 : one (as an accommodation party) who promises to answer for the debt or default of another NOTE: At common law a surety is distinguished from a guarantor by being immediately liable as
Distringas
should not be delivered; and if the defendant still continued obstinate, then (if the judgment had been by default or on demurrer) the sheriff summoned an inquest to ascertain the value of the goods and the plaintiff's
cure
[the nonconformity would be seasonably cured "J. J. White and R. S. Summers"] c : to negate (a default by a debtor in bankruptcy) by restoring the debtor and creditor to their positions before the default vi
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