Legal Dictionary

Tag: Transfer of property

  • Gift

    A voluntary transfer of any thing made without consideration or expectation of consideration. The essential components of a valid completed gift of personal property are: competency of the donor to give the gift; voluntary intent on the part of the donor to make a gift; delivery […]

  • Foundation

    The establishment of a charity; that upon which a charity is founded and by which it is supported. This word, in the English law, is taken in two senses, fundatio ineipiens, and fundaiAo perficiens. As to its political capacity, an act of Incorporation is metaphorically called its […]

  • Inheritance

    Real property that descended to the heir upon the ancestor ‘s death intestate . The term is also used in old books as synonymous with hereditaments. In popular language, the term is used to denote all property obtained by devise or descent although the term strictly means that […]