L P - Law Dictionary Search Results
L.L.P.
L.L.P. limited liability partnership
L P
a long playing phonograph record designed to be played at 333 rpm … a long playing phonograph record designed to be played at 333 rpm
Tail
not being an executory instrument in freehold land [see s. 60 (4) (b) and (c) of the (English) L.P. Act, 1925, reproducing s. 51 of 1881] It is necessary now either to limit to the heirs of … for this purpose according to their effect if the limitations had been limitations before 1926 of personal property [L.P. Act, 1925, s. 130 (2), except personalty settled by reference to land s. 130 (3)] Sub-s. (4) of
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Rent
Rent [fr. reditus Lat.], a certain profit issuing yearly out of lands and tenements corporeal; it may be regarded as of a … Rent [fr. reditus Lat.], a certain profit issuing yearly out of lands and tenements corporeal; it may be regarded as of a two fold nature--first,
Covenant
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 … Covenant [fr. Covenant, Fr.], any agreement, convention, or promise of two or more parties, by deed in writing, signed, sealed, and delivered, by which either of the
Equitable estates and interests
Equitable estates and interests, Rights relating to property of which the legal ownership is vested in another person, or in the equitable owner himself in another capacity. The rights arise … Equitable estates and interests, Rights relating to property of which the legal ownership is vested in another person, or in the equitable owner himself in another
Settled land
or without terms of years for securing the same (as to this see the liberating amendment in the L. P. Amendment Act, 1926, ss. 1 and 2), and references in the Act to the settlement shall extend to … 1 Ch 229. S. 1, defining settlement, does not apply to land held on trust for ale [(English) L.P. Amendment Act, 1926]. See also Ryder and Steadman's Contract, (1927) 2 Ch 62. By s. 4 (2), the
Joint-tenancy
speculation, to two or more persons in the same right, either simply, or by construction or operation of law jointly, with a jus accrescendi, that is, a gradual concentration of property from more to fewer, by the … Joint-tenancy. This tenancy is created where the same interest in real or personal property is, by the act of the party, passed by the same matter of conveyance or claim in
Forfeiture
for an offence or unlawful act, or for some wilful omission of a tenant of property whereby he loses it, together with his title, which devolves upon others. Forfeiture resulted from the following circumstan-ces:--(1) Treason, misprision of … Forfeiture, a penalty for an offence or unlawful act, or for some wilful omission of a tenant of property whereby he
Equitable mortgage
Equitable mortgage, a mortgage under which the mortgagee does not get the legal estate. The following mortgages are equitable:- (1) Where the subject of a mortgage is trust property, which security … get the legal estate. The following mortgages are equitable:- (1) Where the subject of a mortgage is trust property, which security is effected either by a formal deed or a written memorandum, notice being given to the
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