Types of legacies.

Demonstrative legacy: This is a testamentary gift which is in its nature general but which manifests an intention that the gift shall be primarily satisfied out of a fund or a specified part of the property of the testor, but shall Read More …

Share this:

Freehold interest inland

This is the largest interest a person can have in land. If confers the largest Quantum of rights and has no time limitation. It confers the right to use and alienate. Example include: fee simple and absolute proprietorship.

Share this:

Characteristics of joint tenancy

Joint tenancy arises where two or more persons own something jointly. It has the features of single proprietorship. It is characterized by the right of survivorship i.e. jus accresscendi and the four unities, namely: Unity of possession: all possess any Read More …

Share this: