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Simple English definitions for legal terms
bare possibility
Read a random definition: nullification doctrine
A quick definition of bare possibility:
Bare possibility: This means something might happen or might not happen. It's like flipping a coin - it could land on heads or tails. It can also mean someone might get something in the future, but it's not certain. For example, if someone is supposed to inherit a house when their grandparent dies, but the grandparent is still alive, it's a bare possibility that they will get the house.
A more thorough explanation:
Definition: Bare possibility refers to a situation where there is a chance that something may or may not happen. It can also refer to a contingent interest in real or personal property.
- Naked possibility: This is a situation where there is a mere chance or expectation that a person will acquire future property. For example, if someone conveys all rights to a future estate that is not yet in existence, the conveyance of a naked possibility is usually void for lack of subject matter.
- Possibility coupled with an interest: This refers to an expectation that is recognized in law as an estate or interest. For instance, this can occur in an executory devise or in a shifting or springing use. This type of possibility can be sold or assigned.
- Remote possibility: This is a limitation that is dependent on two or more facts or events that are contingent and uncertain. It is also known as a double possibility. For example, if someone leaves their property to their child, but only if the child graduates from college and gets married, this is a remote possibility.
These examples illustrate how bare possibility can refer to different situations where there is a chance that something may or may not happen. It can also refer to different types of interests in property that are contingent on certain conditions being met.