TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
contracts, devises. An equitable right, title or interest in property, real or personal, distinct from its legal ownership; or it is a personal obligation for paying, delivering or performing anything, where the person trusting has no real. right or security, for by, that act he confides altogether to the faithfulness of those entrusted. This is its most general meaning, and … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
(A) estates. Evidence of the ownership of real estate. (B) Ownership of intellectual property. It is acquired by intellectual labor. It consists of literary property as the construction of maps and charts, the writing of books and papers. The benefits arising from such labor are secured to the owner. 1. By patent rights for inventions. See Patents. 2. By copyrights. See … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
Belonging to a testament; as a testamentary gift; a testamentary guardian, or one appointed by will or testament; letters testamentary, or a writing under seal given by an officer lawfully authorized, granting power to one named as executor to execute a last will or testament. Law Dictionary - Alternative Legal Definition Pertaining to a will or testament; as testamentary … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
When a tenancy remains in effect in spite of the fact that the grantor of the tenancy has no legal right to have made such a grant. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
estates. One to arise on a future event, when no preceding estate is limited, and does not take effect in derogation of any preceding interest. Example: a grant is made to A in fee, to the use of B in fee, after the fourth of July; no use arises till the limited period. The use in the mean time results to the grantor, who has a determinable fee. A springing use differs from a … [Read more...]