Executory Limitation - Law Dictionary Search Results
Terms for years
be limited in succession or by way of remainder except by way of trust or by will as executory devises and an estate tail could not be limited in a term at all. It vested in the … lessee) come into it for a determinate time, are generally sufficient for the purpose. Terms could not be limited in succession or by way of remainder except by way of trust or by will as executory devises
Vested in interest
interest, a legal term applied to a present fixed right of future enjoyment, as reversions, vested remainders, such executory devises, future uses, conditional limitations, and other future interests, the present right of which is not referred to, … to a present fixed right of future enjoyment, as reversions, vested remainders, such executory devises, future uses, conditional limitations, and other future interests, the present right of which is not referred to, or made to depend on,
Executory trusts
Matched in: Term Executory trusts
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interest
that may be claimed on the ground of equitable relief [claimed an equitable interest in the debtor's assets] executory interest : a future interest other than a remainder or reversion that may take effect upon the divesting … performed called also expectancy interest compare reliance interest in this entry future interest : an interest in property limited or created so that its owner will come into the use, possession, or enjoyment of it at some
Passive trust
estate to be taken by the trustee, the courts endeavoured in the case of devises by will land executory contracts to give by construction the quantity originally requisite to satisfy the trust in every event, although the … requisite to satisfy the trust in every event, although the general rule is that the same words of limitation are (or were before 1926) necessary to convey either a legal or equitable estate in fee simple in
Pawn or Pledge
should be an actual delivery of the thing to the pledgee; for until delivery, the whole contract is executory, however strong may be the engagement to deliver it; and the pledgee acquires no right of property in … thing itself is pledged, but also, as accessory, the natural increase thereof. If the pledgor have only a limited title to the thing, as for life or for years, he may still pawn it to the extent
Consideration
(in another sense), i.e., f the consideration has been completed before the corresponding promise has been performed; 2nd, executory, or something to be done after the promise; 3rd, concurrent, as in the case of mutual promises; and … At pp. 9, 10), showing that if an offer be made with liberty to consider it for a limited time, it may nevertheless be revoked at any time before such limited time has expired. Foakes v. Beer,
Uses
considerations. (b) Those arising by act of law, which were either- (1) Resulting; (2) Implied. II. Future or executory, distributable into: (a) Shifting or secondary; (b) Springing; (c) Contingent. See TRUSTS. Objections to uses before the Statute:- … C. Therefore the use limited to B. and C. was good and the statute executed it. But this limitation of the use in a bargain and sale to a person not named in the premises, after a
Contract
the parties. All simple contracts require a consideration to support them. Contracts are also distinguished into executed and executory: executed, where nothing remains to be done by either party, and where the transaction is completed at the … & 46 Vict. c. 61), s. 17, Copyright Act, 1911. Acknowledgements of debt barred by the Statute of Limitations. Representations as to credit, 9 Geo. 4, c. 14, s. 1; (English) Guarantee, Mercantile Law Amendment Act, 19
Adverse possession
divestiture of all rights of transfer in the property and in case in which there is a mere executory agreement of transfer both parties contemplating a deed of transfer to be executed at a later point of … person to whom the land rightfully belongs and tends to extinguish that person's title, see (English) Real Property Limitation Act, 1874 (37 & 38 Vict. c. 57), which provides that no person shall make an entry or
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