condition precedent / condition subsequent
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 72 U.S. 433 - Nichols v. Levy · 1866Most cited · 43 citing opinions
A condition precedent that the provision shall not vest until his debts are paid, and a condition subsequent that it shall be divested and forfeited by his insolvency, with a limitation over to another person, are valid, and the law will give them full effect. Beyond this, protection from the claims of creditors is not allowed to go.