Executory
81shifting executory interest — noun A third party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with the occurrence of a condition divesting the second party of the land in favor of the third party …
82springing executory interest — noun An interest in an estate in land created by the conditions of a grant wherein the grantor cuts short the grantors own interest in the property in favor of the grantee, contingent upon the occurrence of a specific condition. Example: Joe… …
83executed and executory sales — An executed sale is one which is final and complete in all its particulars and details, nothing remaining to be done by either party to effect an absolute transfer of the subject matter of the sale. An executory sale is one which has been… …
84fee simple subject to executory limitation — noun Alternate name for a fee simple subject to executory interest …
85fee simple subject to executory interest — noun A defeasible fee created with clear durational language expressing a condition (e.g. so long as , until , while ) which causes ownership of a property to revest in a third party identified by the grantor if that condition comes about. Syn:… …
86executed or executory covenants — The former being such as relate to an act already performed; while the latter are those whose performance is to be future …
87executed or executory covenants — The former being such as relate to an act already performed; while the latter are those whose performance is to be future …
88accord executory — See executory accord …
89accord executory — A bilateral agreement of settlement which has not yet been performed (satisfied). Restatement, Second, Contracts, No. 281 …
90accord executory — A bilateral agreement of settlement which has not yet been performed (satisfied). Restatement, Second, Contracts, No. 281 …
