According to sec.21 of the Transfer of Property Act 1882, a contingent interest is one in which neither any proprietary interest nor a right of enjoyment is given at present,but both depend on future uncertain events.An estate is a contingent when the right to enjoyment depends on the happening of an event which may or may not happens.Thus,a gift to A on the marriage of B creates a contingent interest,for B may never marry at all.Suppose there is a transfer to A for life,then to B if he marries C.Here B’s interest is such that it can not be said that he can take possession the moment the particular estate of A clears out.There is a condition to be fulfilled by B,namely marrying C.Till B fulfills this condition,his interest is said to be contingent ,i.e dependent upon the fulfillment of the condition.If B dies without marrying C in A’s lifetime,on the death of A the possession will not go to B’s heir.Therefore a contingent interest may fail in the case of a death of transferee before the fulfilment of the condition. 532 more words
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I know not why there is such a melancholy feeling attached to the remembrance of past happiness, except that we fear that the future can have nothing so bright as the past. Julia Ward Howe
I got attached to you, I really didn’t mean to. I’m attached and I just can’t shake it.
You work too much, you’re too closed off, you’re truck is more important. 70 more words