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  2. Rule against perpetuities - Wikipedia

    en.wikipedia.org/wiki/Rule_against_perpetuities

    The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.

  3. Royal lives clause - Wikipedia

    en.wikipedia.org/wiki/Royal_lives_clause

    However, in the United Kingdom, the significance of the royal lives clause may have diminished as a result of the Perpetuities and Accumulations Act 1964, a legal act that reformed the rules against perpetuities in the country. [1] Similar reforms were also made in several Australian states and the Canadian province of British Columbia. [2]

  4. Option contract - Wikipedia

    en.wikipedia.org/wiki/Option_contract

    Because options amount to dispositions of future property, in common law countries they are normally subject to the rule against perpetuities and must be exercised within the time limits prescribed by law. In relation to certain types of asset (principally land), in many countries an option must be registered in order to be binding on a third ...

  5. Rule in Shelley's Case - Wikipedia

    en.wikipedia.org/wiki/Rule_in_Shelley's_Case

    The Rule in Shelley's Case is a rule of law that may apply to certain future interests in real property and trusts created in common law jurisdictions. [1]: 181 It was applied as early as 1366 in The Provost of Beverly's Case [1]: 182 [2] but in its present form is derived from Shelley's Case (1581), [3] in which counsel stated the rule as follows:

  6. Procedural impropriety in Singapore administrative law

    en.wikipedia.org/wiki/Procedural_impropriety_in...

    The rules of natural justice are a set of uncodified common law rules offering procedural safeguards to ensure that decision-makers act according to basic standards of fairness. These rules function to protect both citizens and public officials by restricting the freedom of administrative action and by facilitating better decision-making.

  7. Defeasible estate - Wikipedia

    en.wikipedia.org/wiki/Defeasible_estate

    Unless a defeasible estate is clearly intended, modern courts will construe the language against this type of estate. Three types of defeasible estates are the fee simple determinable, the fee simple subject to an executory limitation or interest, and the fee simple subject to a condition subsequent. A life estate may also be defeasible.

  8. Mortmain - Wikipedia

    en.wikipedia.org/wiki/Mortmain

    See rule against perpetuities—each rule varies by jurisdiction. Mortmain was a key underlying interdiction in legal history, contextualising much early case law. The decision of Thornton v Howe (1862) 31 Beav 14 held that a trust for publishing the writings of Joanna Southcott [7] was charitable, being for the "advancement of religion".

  9. Perpetuities and Accumulations Act 2009 - Wikipedia

    en.wikipedia.org/wiki/Perpetuities_and...

    The Perpetuities and Accumulations Act 2009 (c. 18) is an Act of the Parliament of the United Kingdom that reforms the rule against perpetuities. The Act resulted from a Law Commission report published in 1998. [3] It abolishes the rule against perpetuities in most non-trust contexts, such as easements. [3]