Contingent Remainder
A remainder is contingent if one or more of the following is true: (1) it is given to an unascertained or unborn person, (2) it is made contingent upon the occurrence of some event other than the natural termination of the preceding estates. For example, if we assume that B is alive, and O conveys "to A for life, then to the heirs of B...", then the remainder is contingent because the heirs of B cannot be ascertained until B dies. No living person can have actual heirs, only heirs apparent or heirs presumptive.
Read more about this topic: Remainder (law)
Famous quotes containing the words contingent and/or remainder:
“I can see ... only one safe rule for the historian: that he should recognize in the development of human destinies the play of the contingent and the unforeseen.”
—H.A.L. (Herbert Albert Laurens)
“There are only three kinds of people: those who serve God, having found him; others who are occupied in seeking him, not having found him; while the remainder live without seeking him and without having found him. The first are reasonable and happy; the last are foolish and unhappy; those between are unhappy and unreasonable.”
—Blaise Pascal (1623–1662)