- 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 which operates on an estate conveyed or devised so as to render it liable to be defeated for breach of the condition; the title passes to the grantee or devisee, subject to divestitute on failure of performance of the condition. 28 Am J2d Est § 132; in the law of insurance, a condition which presupposes an absolute obligation under the policy, and provides that the policy shall become void, or its operation be defeated or suspended, upon the happening of some event or the doing or omission of some act. 29 Am J Rev ed Ins § 718. In a lease, a condition which has no relation to the inception of the lease and the commencement of the tenancy, but, instead, gives the landlord, on its happening or not happening or its performance or nonperformance, a right to re-enter and terminate the lease. 32 Am J1st L & T § 825. See interest upon condition subsequent.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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Condition subsequent — refers to an event or state of affairs that brings an end to something else. A condition subsequent is often used in a legal context as a marker bringing an end to one s legal rights or duties. A condition subsequent may be either an event or a… … Wikipedia
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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
condition subsequent — In a contract, an event that terminates the duty of a party to perform or do her or his part. For example, if a company closes a branch, a supplier will not be required to make contracted deliveries to the branch … Business law dictionary
fee simple subject to condition subsequent — fee simple subject to condition subsequent: fee simple on condition subsequent at fee simple Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
fee simple on condition subsequent — see fee simple Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
estate on condition subsequent — See condition subsequent … Ballentine's law dictionary
fee simple subject to condition subsequent — noun A defeasible fee created with language reserving the right of the grantor to reclaim ownership of the land upon the occurrence of a specified condition (e.g. if X event occurs, grantor reserves the right to reenter and retake ); upon… … Wiktionary
interest upon condition subsequent — A vested interest subject to be divested. Anno: 71 ALR 1053, 1054 … Ballentine's law dictionary