Executory Limitation - Law Dictionary Search Results
contract
one states an inaccurately high price for the purpose of defrauding a lender into providing a larger loan executory contract : a contract that sets forth promises that are not yet performed express contract : a contract … seal, is insufficient to create a contract under seal. Contracts under seal have a substantially longer statute of limitations than contracts based on consideration. des·ti·na·tion contract : a contract for goods stipulating that the seller assumes the
Estate
In expectancy, subdivided into-- (a) Reminders created by convention of parties, which are (a) vested, (b) contingent or executory, (c) cross. (b) Reversions arising by operation of law. (3) The number and connection of the tenants; either … or duration, divided into-- (A) Freeholds of inheritance, which are subdivided into-- (a) Absolute or fee simple. (b) Limited fees; which are (a) qualified or base fees, and (b) fees conditional at the Common Law, afterwards called
trust
by the trustee but preserve the property and execute the purpose of the trust to benefit the beneficiaries executory trust : a trust in which the settlor or trustee has duties to perform (as securing the property, … characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers having duties of management called also common-law trust
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Registration of title of land
interests, and as regards dealings effected after 1925 between assignees and incumbrancers of life interests, remainders, reversions and executory interests, priority is established by order of special priority cautions or inhibitions, noted in a 'Minor Interests Index,' … title is granted where it appears to the registrar that the title can only be established for a limited period or subject to reservations. Registra-tion in this form is seldom effected. Registration with possessory title gives the
Covenant
lan or thing granted,or ae collateral to it; affirmative, or negative; executed, or that which is alreadyd one; executory, or that which is to be done. Shep. Touch. 160; Bac. Abr.Covenant (G); Com. Dig. Covenant (F); Vn. … of the parties; thirdly, to be construed ut res magis valeat quam pereat; fourthy, when no time is limited for its performance, that it be performed in a reasonable time. Covenants are personal obligations; formerly the did
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