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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

Contingent 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

Guarantee

See COMPANIES. Guarantee includes any obligation undertaken before the commencement of this Constitution to make payments in the event of the profits of an undertaking falling short of a specified amount. [Constitution of India, Art. 366(13)] Guarantee,

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Company

seal, but with such liability of the members to contribute to the assets of the company in the event of its being wound up as in mentioned in the Act. Companies having a share capital are not

use

use that is transferred or takes effect in derogation of some estate upon the happening of a future event spring·ing use : a use that arises upon the happening of a future event and is not in

Cessate grants

Cessate grants, where a testator has directed that in a certain event some other person is to be substituted for his original executor, that other person becomes entitled upon the

business records exception

the hearsay rule that allows admission into evidence of records, reports, compilations of data, or memoranda of an event, act, condition, opinion, or diagnosis that are made at or near the time of the event by a

circumstance

circumstance 1 a : a condition, fact, or event accompanying, conditioning, or determining another [the s constituting fraud or mistake shall be stated "Federal Rules of Civil

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

excited utterance

excited utterance : a statement that concerns a startling event (as a physical assault) and that is made by a person while under stress caused by the event

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