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On which has for its object, when accomplished, the revocation of the principal obligation; for example, I will sell you my crop of cotton, if my ship America does not arrive in the United States, within six months. My ship arrives in one month, my contract with you is revoked. … [Read more...] about RESOLUTORY CONDITION

Referring to property that still remains in the estate of the deceased after all the fees and taxes have been made and the and specific bequests and distributions made. The residuary estate includes any gifts or bequests that fail or lapse. For example, if a car is left to John and the remainder of the estate to Jill, and John dies prior to the deceased without an alternate for … [Read more...] about RESIDUARY ESTATE

(verb) - To go back. "It resorted to the line of the mother." Hale, Com. Law.(noun) - A court whose decision is final and without appeal is, in reference to the particular case, said to be a "court of last resort". The authority or jurisdiction of a court. The supreme court of the United States is a court of the last resort. … [Read more...] about RESORT

That which is of the remainder of an estate after the payment of all the debts and other legacies. Madd. Ch. P. 284. … [Read more...] about RESIDUARY LEGACY

Money or any property that can be converted into supplies; means of raising money or supplies; capabilities of raising wealth or to supply necessary wants; available means or capability of any kind. Ming y. Woolf, 3 Mont 380; Sacry v. Lobree, 84 Cat 41, 23 Pac. 10&8; Shelby County v. Tennessee Centennial Exposition Co. 96 Tenn. 653, 36 S. W. 694, 33 L. R. A. 717. … [Read more...] about RESOURCES