A constructive trust is not an actual trust by the traditional definition but a trust created through a court’s power, over assets they determine a party cannot equitably keep. It is a legal fiction that is used as a remedy for unjust...
property law
contingent
Contingent means that an event may or may not occur in the future, depending on the fulfillment of some condition that is uncertain. This term is often used in contracts where the event will not take effect until the specified condition...
contingent beneficiary
A contingent beneficiary is a person alternatively named to receive the benefits in a will or trust. It also refers to a person who benefits only upon the happening of a condition precedent that is implicitly or explicitly expressed in the...
contingent interest
A contingent interest is defined as an interest that the holder may enjoy only upon the occurrence of a condition precedent.
For example, say Bill writes in his will that he leaves his "interest in The Centerville Café to...
contingent ownership
Contingent ownership refers to ownership that the owner can only enjoy if a certain condition occurs.
For example, Bill writes in his will that he leaves his "interest in The Centerville Café to Sarah, if she is still living in...contingent trust
Contingent trust is a trust that can only be created should certain conditions be met as stated in a person’s will. To set up a contingent trust, a person states in their will the specific conditions they wish to be met in order for the trust...
continuing trespass
Continuing trespass broadly can refer to any recurring infringement of another person’s rights. While sometimes trespass is used in this broad sense, continued trespass in the modern context generally refers to trespass onto the land or...
contract
A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and...
contract zoning
Contract zoning is making a deal with a governing body to be granted exemptions to a zoning code. It was originally considered illegal, but the concept has evolved into two versions.
The first is legitimate conditional use...
contractual lien
A contractual lien is a name for a category of liens that stem from contracts and do not depend on the common law or statutes for their existence. A contractual lien is essentially a contract that gives a security interest in property to one...