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Executory limitation

Executory limitation. A limitation of a future interest by deed or will; if by will, it is also called an executory devise. The (English) Conveyancing

Fraudulent settlement

marriage settlement comprises property without which the settlor can-not pay his debts, or contain a covenant for the future settlement of property in which the settlor has no present interest, then, if the settlor become bankrupt, and

Forward contract

An agreement to buy or sell a particular non-standardized asset (use currencies) at a fixed price on a future rate, Black's Law Dictionary, 7th Edn., p. 666.

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Infant

always that this enactment shall not invalidate any contract into which an infant may by any existing or future statute, or by the rules of Common Law or Equity, enter, except such as now by law are

Futurological measures

Futurological measures, legal measures which could become a reality in future. See Maru Ram v. Union of India, AIR

Gift

CONVEYANCES AND VOLUNTARY CONVEYANCES; ESTATE DUTY. By (English) L.P. Act, 1925, s. 175, specific gifts, whether contingent or future, by will coming into operation after 1925, carry the intermediate income; see also (English) Trustee Act, 1925, s.

Giving notice in writing

to have been aware of the modern devices and equipment already in vogue and also in store for future. If the Court were to interpret the words 'giving notice in writing' in the s. as restricted to

Guarantee

4 (as amended) ......... 'debt, default or miscarriage' is descriptive of failure to perform legal obligations, existing or future, arising from any source, not only from contractual promises, but in any other factual situations capable of giving

Guaranty, or Guarantee

of the transactions of a firm is, in the absence of agreement to the contrary, revoked as to future transactions by any change in the constitution of the firm to which or of the firms in respect

Hire

by contract, or by law, or by custom. The contract may be dissolved or extinguished in respect to future liabilities in various ways: (1) by the mere efflux of time or the accomplishment of the object for

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