DEFEASIBLE

What may be undone or annulled. Subject to be defeated, annulled, revoked, or undone upon the happening of a future event or the performance of a condition subsequent, or by a conditional limitation. Usually spoken of estates and interests in land. For Instance, a mortgagee’s estate is defeasible (liable to be defeated) by the mortgagor’s equity of redemption. Defeasible fee. An estate in fee but which is liable to be defeated by some future contingency; e.g.t a vested remainder which might be defeated by the death of the remainderman before the time fixed for the taking effect of the devise. Forsythe v. Lansing, 109 Ky. 518. 59 S. W. 854; Wills v. Wills, 85 Ky. 486, 3 S. W. 900. Defeasible titles One that is liable to be annulled or made void, but not one that is already void or an absolute nullity. Elder v. Schumacher, 18 Colo. 433, 33 Pac. 175.