To bequeath is to give personal property via a will, where the personal property owned by the decedent at the time of death is disposed of as a gift. Traditionally, bequeathing has been used to give personal property, while devising has been...
property law
bequest
Bequest is a gift of personal property made through a will. Traditionally, bequests have been used for the giving of personal property, while devises have been used for the giving of real property. However, bequests can also refer to real...
BFP
BFP is the abbreviation for Bona Fide Purchaser.
[Last updated in March of 2022 by the Wex Definitions Team]
bill quia timet
Bill quia timet is derived from the Latin phrase “quia timet” which means, “because he fears.” A bill quia timet grants a party equitable relief from the court for a probable harm to their specific right or interest.
A bill...
blackacre
Blackacre refers to a fictional plot of land which is often used in examples when teaching or explaining property law concepts. In examples where more than one plot of land is necessary, Blackacre is often paired with fellow fictional plot of...
bona fide purchaser
A bona fide purchaser is someone who exchanges value for property without any reason to suspect irregularities in the transaction. By definition, a bona fide purchaser cannot have actual or constructive notice as to defects in the seller’s...
broker
A broker is a person or entity that arranges contracts and acts as an intermediary between a buyer and seller for a commission. A broker is an independent party to a transaction and should not be confused with an agent who acts on behalf of a...
burden
A burden is a generic term referring to a restriction on a use or activity. Often, the term arises in property law. For instance, real property may carry an intangible burden in the form of covenants or easements. These burdens generally...
capture doctrine: trusts
The capture doctrine is a theory in trust law that addresses the disposition of ineffectively appointed property under general power. Under the capture doctrine, a power of appointment is invalid or ineffective if there is evidence that the...
causa mortis
Causa mortis is a Latin term referring to the awareness that death is approaching. In property law, when a party, acting with awareness that their death is approaching, gives something to another party, the resulting gift is known as a gift...