after-acquired property
Also called “future-acquired property."
Also called “future-acquired property."
After-acquired title is title held by someone who bought property from a seller before the seller received title to the property, and who automatically obtained title upon the seller’s receipt of title.
Agency law is a common law doctrine controlling relationships between agents and principals. A principal-agent relationship is created when the agent is given authority to act on behalf of the principal.
An agent is a person authorized to act on behalf of another person. The party an agent is authorized to act for is known as the principal. A principal-agent relationship can either be intentionally created or created by implication through one’s actions.
For further information, see Agency Law.
Alienable means transferable.
Alienation refers to the process of a property owner voluntarily giving or selling the title of their property to another party. When property is considered alienable, that means the property is able to be sold or transferred to another party without restriction.
Aliquot is derived from the Latin word meaning "divisible from a larger whole without a remainder" (i.e. divisible an exact number of times). Today, it usually means a fractional part or a share of the whole. The term aliquot is most commonly used in property law, the law of trusts (see also trust), and patent law.
An alternate beneficiary is someone who will benefit from or gain ownership of property only if the primary beneficiary is unable or unwilling to take ownership. An alternative beneficiary in property law arises when someone bequests property to someone else, and if that person does not want or is unable to accept the property, the property can be willed to a designated alternative beneficiary.
An alternative contingent remainder occurs when the same property is subject to two contingent remainders with opposite conditions precedent such that one of them will always take effect.