When the right to property is based on a condition precedent or that something need to occur. For example, a person who is entitled to a car after the owner dies as per the will of the owner. … [Read more...]

A contractual obligation where a performance is required and will take place in the future. … [Read more...]

A right that will vest in the future. … [Read more...]

evidence. A state of existence after this life. 2. A witness who does not believe in any future state of existence was formerly inadmissible as a witness. The true test of a witnesses competency, on the ground of his religious principles, is, whether he believes in the existence of a God, who will punish him if he swears falsely; and within this rule are comprehended those who … [Read more...]

This term has grown out of those purely speculative transactions, in which there is a rominal contract of sale for future delivery, but where in fact none is ever intended or executed. The nominal seller does not have or expect to have the stock or merchandise he purports to sell, nor does the nominal buyer expect to receive it or to pay the price. Instead of that, a percentage … [Read more...]