Executory Uses - Law Dictionary Search Results

Springing use, a form of use in the nature of an executory interest directing property inland to vest at a future period which does not coincide with the termination of … being construed as a vested or contingent remainder, it may operate as a shifting use. Springing and shifting uses were resorted to in order to facilitate freedom of grant or conveyance of the legal estate inland by

Remainder

former, case is called the particular estate.' Remainders are of three kinds:-(1) vested of executed; (2) contingent or executory; and (3) cross. The seven following rules affecting the remainders should be observed:- (1) There must be a … But such a remainder is supported, as a conditional limitation, in wills and conveyances under the Statute of Uses. A remainder is to commence when the particular estate is, from its very nature, to determine; it is,

Keep your definitions linked to case research

Try free for 7 days See all features

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

Uses

Matched in: Term Uses

Contingent remainder

all respects as if the contingent remainder had originally been created as a springing or shifting use or executory devise or other executory limitation. Contingent remainders are subject to the rule against perpetuities [Re Ashforth, (1905) 1

Executed trust

do not legally import, 1 Sand. Uses and Trusts, 335 and see EQUITABLE ESTATE. As all trusts are executory in this sense, that the trustee is bound to dispose of the estate according to the tenure of

Shifting use

Shifting use, a secondary or executory use, which, when executed, operates in derogation of a preceding estate: as land conveyed to the use of

accord

the defense that an accord was agreed upon usually used in the phrase accord and satisfaction; called also executory accord compare composition, compromise, novation, satisfaction substituted contract at contract, transaction

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,

‹ Prev
1
2
3
Next ›
Last »

Try the research workspace - 7 days free

Try free for 7 days