Expectation Interest - Law Dictionary Search Results
security
ownership ;specif : evidence of investment in a common enterprise (as a corporation or partnership) made with the expectation of deriving a profit solely from the efforts of others who acquire control over the funds invested [a … [sər-ti-fə-kā-təd-] : a security that belongs to or is divisible into a class or series of shares, participations, interests, or obligations, is a commonly recognized medium of investment, and is represented on an instrument payable to the
Negligence
to the jury to decide whether the defendant has shown a want of care which would have been expected in ordinary course of events in the circumstances. Burden of Proof.--The onus of proving negligence rets on the … a care as is required in particular circumstances. Negligence is failure to observe, for the protection of the interests of another person, the degree of care, precaution and vigilance which the circumstances justly demand, whereby such other
Merger
the commencement of that Act, be any merger by operation of law only of any estate the beneficial interest in which would not be deemed to be merged or extinguished inequity. In equity merger is, and always … Merger [fr. mergo, Lat., to sink], an annihilation, by act of law, of a particular in an expectant estate consequent upon their union in the same person without an intervening estate in another person--thus accelerating into
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Vested remainder
Vested remainder, an expectant estate, which is limited or transmitted to a person who is capable of receiving the possession, should the … alien, and charge it much in the same manner as an estate in possession, 2 Cru. Dig. 204. Interests in remainder can now only take effect as equitable interests: see Law of Property Act, 1925, s. 1;
Trust
Where, from the different parts of the instrument, it appears that the words re expressive of a mere expectation or wish, no trust will arise; as where the words are, that the donee will be kind to … in equity, to the beneficial enjoyment of property to which another person holds the legal title; a property interest held by one person (trustee) at the request of another (the settlor) for the benefit of a third
Estate
according to its nature; technically, in regard to land, the word is used to denote the quantity of interest, e.g., estate in fee simple, for life, for years, etc., in either legal or equitable estates. In practice … statute staple; (iii.) estates by elegit. (2) The time of enjoyment, either-- (A) In possession, or (B) In expectancy, subdivided into-- (a) Reminders created by convention of parties, which are (a) vested, (b) contingent or executory, (c)
Criminal Appeal Act, 1907 (English)
Court of Criminal Appeal or any judge thereof: Provided that a transcript shall be furnished to any party interested upon the payment of such charges as the Treasury may fix. (2) The Secretary of State may also,
Compensation
his property in Pakistan and is not the recognition of a right to compensation for deprivation of his interest, if any, in the allotted property by cancellation, Amar Singh v. Custodian Evacuee Property, AIR 1957 SC 599: … means, 'compensating or being compensated; thing given as recompense;'. In legal sense it may constitute actual loss or expected loss and may extend to physical mental or even emotional suffering, insult or injury or loss, Ghaziabad Development
Executor
Act, 1897, real property devolves in the same manner as personal property, with some exceptions, e.g., an entailed interest not disposed of by the will, and property held in joint tenancy, and he can sell or mortgage … Geo 3. C. 184, s. 37)]. The probate should be obtained to the extend of the sum really expected to be received. (5) It is the duty of the executor to collect and speedily reduce into money
Civil Law
in their nature; they formed the catechism of education for the roman youth; indeed all well-educated persons were expected to know them by heart. Cicero, in his book De Oratore, describes the law of the Twelve Tables … of wisdom. It fills such a large space in the eye of human reason; it regulates so many interests of man as a social and civilized being; it embodies so much thought, reflection, experience, and labour; it
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