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Legacy

Defined in 1 dictionary — Bouvier (1839)

A Law Dictionary, Adapted to the Constitution and Laws of the United States

John Bouvier · 1839

LAPSED. A legzcy 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. Wins. 63; Lownd. Leg. 408 to 415; 1 Rop. Leg. 319 to 341. See as to the law of Pennsylvania in favour of lineal descendants, 5 Smith’s Laws of Pa. 112. Vide, generally, 8 Com. Dig. 502, 3; 5 Toull. n. 671.