Testate succession - Types of legacies Flashcards
1
Q
4 types of legacies?
A
1 - specific
2-demonstrative
3-general
4-residuary
2
Q
Conditional legacies -
2 types of conditions?
A
1 - potestative condition
2 - casual condition (suspensive/resolutive)
3
Q
Postestative condition?
A
beneficiary has power to fulfill
enforceability will depend on how reasonable
4
Q
Casual condition? [c]
A
- contingent event
- Suspensive condition - vesting suspended pendente conditione (Graham’s Trs v Graham)
5
Q
Precatory legacies? [c]
A
terms only express wish
Milne v Smith - house to neice