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A liability that will come about should something occur, e.g. a machine will break down on a client's property. … [Read more...] about CONTINGENT LIABILITY

Pertaining or relating to a continent; characteristic of a continent; as broad in scope or purpose as a continent Continental Ins. Co. v. Continental Fire Ass'n (C. C.) 96 Fed. 848. Continental congress. The first national legislative assembly in the United States, which met in 1774, in pursuance of a recommendation made by Massachusetts and adopted by the other colonies. In … [Read more...] about CONTINENTAL

See conditional ownership. … [Read more...] about CONTINGENT OWNERSHIP

The first national legislative assembly in the United States which met in 1774. in pursuance of a recommendation made by Massachusetts and adopted by the other colonies. In this congress all the colonies were represented except Georgia. The delegates were in some cases chosen by the legislative assemblies in the states; in others by the people directly. The powers of the … [Read more...] about CONTINENTAL CONGRESS

estates. An estate in remainder which is limited to take effect, either to a dubious and uncertain person, or upon a dubious and uncertain event, by, which no present or particular interest passes to the remainder-man, so that the particular estate may chance to be determined and the remainder never take effect. … [Read more...] about CONTINGENT REMAINDER