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fee simple

South Carolina. fee simple determinable : a defeasible fee that automatically terminates upon the occurrence of a specified event or condition and which reverts to the grantor compare estate on condition at estate NOTE: A fee simple

force majeure

force majeure [French, superior force] 1 : superior or insuperable force 2 : an event (as war, labor strike, or extreme weather) or effect that cannot be reasonably anticipated or controlled : fortuitous

gift

contemplation of impending death that is delivered with the intent that the gift take effect only in the event of the donor's death and that it be revoked in the event of survival compare donation inter vivos

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interest

contingent interest : a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future event compare vested interest in this entry controlling interest : sufficient stock ownership in a corporation to exert control

past recollection recorded

past recollection recorded : a witness's written account of a past event prepared at a time when his or her memory of it was fresh ;also : an exception to

present sense impression

present sense impression : an out-of-court statement that describes or explains an event or condition and that was made during or immediately after the time the event or condition was perceived

condition

condition 1 : an uncertain future act or event whose occurrence or nonoccurrence determines the rights or obligations of a party under a legal instrument and esp.

Commemorate

by a special act or observance to celebrate with honor and solemnity to honor as a person or event by some act of respect or affection intended to preserve the remembrance of the person or event as

Act of God

to natural causes, Patel Roadways Ltd. v. Birla Yamaha Ltd., (2000) 4 SCC 91. Means an overwhelming, unpreventable event caused exclusively by forces of nature, such as an earthquake, flood, or tornado. The definition has been statutorily

Arbitration

as a judgment debt (s. 11), and an agreement that parties shall pay their own costs in any event is void (s. 12). The Statutes of Limitation apply to arbitration (s. 16), and a charging order for

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