Realness - Law Dictionary Search Results
Personal property
arising upon some contract, and recoverable by an action at law.Any person may assign personal property, including chattels real, directly to himself and another person or other persons or corporation, by the like means as he might
chattel
an item of tangible movable personal property (as livestock or an automobile) that is not permanently connected with real estate chattel real pl: chattels real : an interest (as a leasehold or profit a prendre) in an
conversion
at a preset ratio or price and at a preset time equitable conversion : the constructive conversion of real property into personal property esp. as a result of a contract for sale of land or testamentary instructions
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Assent of personal representatives
personal representatives, At Common Law the personal estate passing by the will of a deceased person, including chattels real vested in the executor, virtute officii. The property passed to the legatee as soon as the executors assented
Entry
determination of disabilities, provided it be not more than thirty (formerly forty) years in the whole. See (English) Real Property Limitation Act, 1874 (37 & 38 Vict. c. 57), repealing and replacing s. 2 of the Real
Marriage settlement
an arrangement made before marriage, and in consideration of it (the highest consideration known to the law), whereby real or personal property is settled for the benefit of the husband and wife and the issue of the
Mortgage
admissible, the reservation of a higher rate, with an abatement for punctual payment, may be made. The (English) Real Estate Charges Acts, 1854 and 1877 (17 & 18 Vict. c. 113, and 40 & 41 Vict. c.
Tail
is now an equitable interest which may be created after 1925 in respect of personalty as well as realty by way of trust and which (if not barred or disposed of by will after 1925) will devolve
Joint-tenancy
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
Heirloom
case, belong absolutely to the first person who, under the limitations of the settlement, becomes entitled to the real estate for a vested estate of inheritance; see Portman v. Viscount Portman, 1922, AC 473, and cases there
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