estate on condition subsequent

See condition subsequent.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • condition subsequent — A condition in a contract which follows liability upon the contract and operates to defeat or annul such liability upon the subsequent failure of the other party to comply with its terms. 17 Am J2d Contr § 323: in the law of estates, a condition… …   Ballentine's law dictionary

  • condition subsequent — noun : a condition whose fulfillment invalidates or modifies an estate, right, or contract previously vested or in effect (as when a horse is bought on condition that he prove sound) …   Useful english dictionary

  • estate subject to a conditional limitation — The distinction between an estate upon condition subsequent and an estate subject to a conditional limitation is that in former words creating condition do not originally limit term, but merely permit its termination upon happening of contingency …   Black's law dictionary

  • condition — con·di·tion 1 n 1: an uncertain future act or event whose occurrence or nonoccurrence determines the rights or obligations of a party under a legal instrument and esp. a contract; also: a clause in the instrument describing the act or event and… …   Law dictionary

  • Condition precedent — refers to an event or state of affairs that is required before something else will occur. In contract law a condition precedent is an event which must occur, unless its non occurrence is excused, before performance under a contract becomes due, i …   Wikipedia

  • condition — Verb: To put in shape, as a horse for a race, a pugilist for a match. Noun: A provision in a contract creating no right or duty of and in itself but merely limiting or modifying rights and duties under the contract. 17 Am J2d Contr § 320; a… …   Ballentine's law dictionary

  • Estate (law) — An estate is the net worth of a person at any point in time. It is the sum of a person s assets legal rights, interests and entitlements to property of any kind less all liabilities at that time. The issue is of special legal significance on a… …   Wikipedia

  • estate vested subject to defeasance — An estate subject to a condition subsequent. Anno: 131 ALR 712. See condition subsequent …   Ballentine's law dictionary

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

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