Real Time Operation - Law Dictionary Search Results
Real time operation
Matched in: Term Real time operation
Wills
s. 178, enacts that it shall be lawful for every person to devise, bequeath, or dispose of all real and personal estate which he shall be entitled to at the time of his death, notwithstanding that by … the s., and 'soldier' now includes a member of the Air Force. The Act of 1918 extends the operation of s. 11 to real property in the case of persons within the section. See NUNCUPATIVE WILL. The
Bargain and sale
Bargain and sale, A contract for the sale of real or personal property of any kind operating under the Statute of Uses as a conveyance of the land, … contract for the sale of real or personal property of any kind operating under the Statute of Uses as a conveyance of the land, or … operating under the Statute of Uses as a conveyance of the land, or at Common Law, from early times of goods sold without delivery, the vendor of land being held originally to possess or be seised of
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deed
act [my free act and ] 2 : a written instrument by which a person transfers ownership of real property to another see also deliver, grantee, grantor, recording act, registry, title compare certificate of title NOTE: A … in order to be effective. Additionally, the grantor must have freely intended to make the transfer at the time of the conveyance. Deeds are recorded at the local registry of deeds to give notice of ownership. bargain … use in the buyer and therefore transfers title to the buyer by operation of law 2 : a deed in which the grantor makes no
Equitable estates and interests
ownership became recognized and affected by statute. The Statute of Uses turned the beneficial right or use in real estate into the legal estate, although the statute did not extend to any use or trust upon a … legal estate, leaving the principle of equitable ownership unaffected in its application and its effects. At the same time the Statute, being based on the elastic nature of trusts, introduced a more flexible disposition of legal interests … charge, and whenever a trust arises, either express, constructive, implied or by operation of law. In theory the legal owner alone was entitled, both in
Remainder
portion, remnant, or residue of interest which, on the creation of a particular estate, is at the same time limited over to another, who is to enjoy it after the determination of such particular estate. After 1925 … privity of estate. A remainder does not, like a reversion, arise by operation of law, but is always crated by act of parties. it may … as equitable interests, and in that manner they can be created in respect of personality as well as realty. The follow-ing explanation of legal remainders has been retained as relating to titles to land existing before 1926,
Limitation of actions and prosecutions
first was 21 Jac. 1, c. 16, the (English) Limitation Act, 1623, and the principal succeeding ones, the Real Property Limitation Act, 1833 (3 & 4 Will. 4, c. 42), the (English) Civil Procedure Act (3 & … other future estate or interest) the right to recover land etc., is limited to six years from the time when the estate shall have vested in possession or twelve yeas from the date when the right first … it. No verbal acknowledgment of a debt is sufficient to prevent the operation of the statutes, Benest v. Pipon, (1829) Knapp's Rep 60. By (English)
Joint-tenancy
not by mere operation of law, and the estate must vest in them at one and the same time; for a joint-tenancy must subsist ab initio; an estate cannot become a joint-tenancy by the happening of any … 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
Merger
may be extinguished, whilst as against another it may still have existence. Before the passing of the (English) Real Property Act, 1845 (8 & 9 Vict. c. 106) (repealed and reproduced by the (English) Law of Property … drowning of one estate in another, and differs from suspension, which is but a partial extinguishment for a time; while extinguishment, properly so termed, is the destruction of a collateral thing in the subject itself out of … shall not, after the commencement of that Act, be any merger by operation of law only of any estate the beneficial interest in which would
Power
power is an authority reserved by or limited to a person to dispose, either wholly or partially, of real or personal property, either for his own benefit or that of others, Farwell on Powers; and see Freme … to him by the deed creating the power, or who had an estate in the land at the time of the execution of the deed; or to a stranger, to whom no estate is given, but the … of the party executing it, and must in every case have its operation out of his estate during his life. Such an estate must be
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