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Contingent Interest
A contingent interest is an interest which is uncertain, either as to the person who will enjoy it in possession or as to the event on which it will arise. 57 Am J1st Wills § 1217. A future interest is contingent where the person to whom or the event upon which it is limited to take effect in possession or become a vested estate is uncertain. Caine v Payne, 86 App DC 404, 182 F2d 246, 20 ALR2d 823. If the condition upon which a future interest depends is precedent, the interest is contingent; if the condition is subsequent, the interest is vested, subject to defeasance. Anno: 131 ALR 712. References {{Reflist Real estate terminology ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Future Interest
In property law and real estate, a future interest is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. Future interests are created on the formation of a defeasible estate; that is, an estate with a condition or event triggering transfer of possessory ownership. A common example is the landlord-tenant relationship. The landlord may own a house, but has no general right to enter it while it is being rented. The conditions triggering the transfer of possession, first to the tenant then back to the landlord, are usually detailed in a lease. As a slightly more complicated example, suppose O is the owner of Blackacre. Consider what happens when O transfers the property, "to A for life, then to B". Person A acquires possession of Blackacre. Person B does not receive any right to possess Blackacre immediately; however, once person A dies, possession will fall to person B (or his estate, if he died before person A) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vested Estate
In law, vesting is the point in time when the rights and interests arising from legal ownership of a property is acquired by some person. Vesting creates an immediately secured right of present or future deployment. One has a vested right to an asset that cannot be taken away by any third party, even though one may not yet possess the asset. When the right, interest, or title to the present or future possession of a legal estate can be transferred to any other party, it is termed a vested interest. The concept can arise in any number of contexts, but the most common are inheritance law and retirement plan law. In real estate, to vest is to create an entitlement to a privilege or a right. For example, one may cross someone else's property regularly and unrestrictedly for several years, and one's right to an easement becomes vested. The original owner still retains the possession, but can no longer prevent the other party from crossing. Inheritance Some bequests do not vest imm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caine V Payne
Caine may refer to: People * Caine (surname), a name (including a list of people with the surname) Fictional entities * Caine Soren, a character in the novel series ''Gone'' by Michael Grant * Caine, an alternate spelling of the biblical Cain, and mythical first Vampire in the World of Darkness fictional universe * Caine, the antihero of the ''Heroes Die'' novel written by Matthew Stover * Caine the Longshot, a character in the manga and anime series '' Trigun'' * Caine, one of Corwin's brothers in ''The Chronicles of Amber'' series of fantasy novels * Horatio Caine, from the ''CSI: Miami'' television series * Kwai Chang Caine, a Shaolin monk from the ''Kung Fu'' television series * Caine "Kaydee" Lawson, the main character in ''Menace II Society'' film * Solomon Caine, a character in the '' Driver'' video game franchise * U.S.S. ''Caine'', fictional ship of '' The Caine Mutiny'' franchise Places * La Caine, a commune in Basse-Normandie, France * Río Caine, a river in Bolivia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |