LEGACY, LAPSED - Legal Dictionary

Terms lawyers use. Dictionary of terms from all areas of law.

A

-

B

-

C

-

D

-

E

-

F

-

G

-

H

-

I

-

J

-

K

-

L

-

M

-

N

-

O

-

P

-

Q

-

R

-

S

-

T

-

U

-

V

-

W

-

X

-

Y

-

Z

Search beginning of word full word and in description

New Definitions

LEGACY, LAPSED		A legacy is said to be lapsed or extinguished, when the legatee dies before the testator, or before the condition upon which the legacy is given has been performed, or before the time at which it is directed to vest in interest has arrived. Bac. Ab. Legacy, E; Com. Dig. Chancery, 3 Y 13; 1 P. Wms. 83. Lownd. Leg. 408 to 415; 1 Rop. Leg. 319 to 341. See, as to the law of Pennsylvania in favor of lineal descendants, 5 Smith's Laws of Pa. 112. Vide, generally, 8 Com. Dig. 502-3; 5 Toull. n. 671.
Additional comments :