| slovo | definícia |
legacy
(mass) | legacy
- dedictvo |
legacy
(encz) | legacy,dědictví n: Zdeněk Brož |
legacy
(encz) | legacy,odkaz n: Zdeněk Brož |
Legacy
(gcide) | Legacy \Leg"a*cy\ (l[e^]g"[.a]*s[y^]), n.; pl. Legacies
(-s[i^]z). [L. (assumed) legatia, for legatum, from legare to
appoint by last will, to bequeath as a legacy, to depute: cf.
OF. legat legacy. See Legate.]
1. A gift of property by will, esp. of money or personal
property; a bequest. Also Fig.; as, a legacy of dishonor
or disease.
[1913 Webster]
2. A business with which one is intrusted by another; a
commission; -- obsolete, except in the phrases last
legacy, dying legacy, and the like.
[1913 Webster]
My legacy and message wherefore I am sent into the
world. --Tyndale.
[1913 Webster]
He came and told his legacy. --Chapman.
[1913 Webster]
Legacy duty, a tax paid to government on legacies.
--Wharton.
Legacy hunter, one who flatters and courts any one for the
sake of a legacy.
[1913 Webster] |
legacy
(wn) | legacy
n 1: (law) a gift of personal property by will [syn: bequest,
legacy] |
legacy
(foldoc) | legacy system
legacy
legacy code
legacy software
A computer system or application program which
continues to be used because of the cost of replacing or
redesigning it and often despite its poor competitiveness and
compatibility with modern equivalents. The implication is
that the system is large, monolithic and difficult to modify.
If legacy software only runs on antiquated hardware the cost
of maintaining this may eventually outweigh the cost of
replacing both the software and hardware unless some form of
emulation or backward compatibility allows the software to
run on new hardware.
(1998-08-09)
|
legacy
(devil) | LEGACY, n. A gift from one who is legging it out of this vale of
tears.
|
LEGACY
(bouvier) | LEGACY. A bequest or gift of goods or chattels by testament. 2 Bl. Com. 512;
Bac. Abr. Legacies, A. See Merlin, Repertoire, mot Legs, s. 1; Swinb. 17;
Domat, liv. 4, t. 2, Sec. 1, n. 1. This word, though properly applicable to
bequests of personal estate only, has nevertheless been extended to property
not technically within its import, in order to effectuate the intention of
the testator, so as to include real property and annuities. 5 T. R. 716; 1
Burr. 268; 7 Ves. 522; Id. 391; 2 Cain. R. 345. Devise is the term more
properly applied to gifts of real estate. Godolph. 271.
2. As the testator is presumed at the time of making his will to be
inops concilii, his intention is to, be sought for, and any words which
manifest the intention to give or create a legacy, are sufficient. Godolph.
281, pt. 3, c. 22, s. 21; Com. Dig. Chancery, 3 Y 4; Bac. Abr. Legacies, B
1.
3. Legacies are of different kinds; they may be considered as general,
specific, and residuary. 1. A legacy is general, when it is so given as not
to amount to a bequest of a specific part of a testator's personal estate;
as of a sum of money generally, or out of the testator's personal estate, or
the like. 1 Rop. Leg. 256; Lown. Leg. 10. A general legacy is relative to
the testator's death; it is a bequest of such a sum or such a thing at that
time, or a direction to the executors, if such a thing be not in the
testator's possession at that time, to procure it for the legatee. Cas.
Temp. Talb. 227; Amb. 57; 4 Ves. jr. 675; 7 Ves. jr. 399.
4.-2. A specific legacy is a bequest of a particular thing, or money
specified and distinguished from all other things of the same kind; as of a
particular horse, a particular piece of plate, a particular term of years,
and the like, which would vest immediately, with the assent of the executor.
1 Rop. Leg. 149; Lownd. Leg. 10, 11; 1 Atk. 415. A specific legacy has
relation to the time of making the will; it is a bequest of some particular
thing in the testator's possession at that time, if such a thing should be
in the testator's possession at the time of his death. If it should not be
in the testator's possession, the legatee has no claim. There are legacies
of quantity in the nature of specific legacies, as of so much money with
reference to a particular fund for their payment. Touchs. 433; Amb. 310; 4
Ves. 565; 3 Ves. & Bea. 5.
5. This kind of legacy is so far general, and differs so much in effect
from a specific one, that if the funds be called in or fail, the legatees
will not be deprived of their legacies, but be permitted to receive them out
of the general assets; yet the legacies are go far specific, that they will
not be liable to abate with general legacies upon a deficiency of assets. 2
Ves. jr. 640; 5 Ves. jr. 206; 1 Mer. R. 178.
6.-3. A residuary legacy is a bequest of all the testator's personal
estate, not otherwise effectually disposed of by his will. Lown. Leg, 10;
Bac. Abr. Legacies, I.
7. As to the interest given, legacies may be considered, as absolute,
for life, or in remainder. 1. A legacy is absolute, when it is given without
condition, and is to vest immediately. See 2 Vern. 181; Ambl. 750; 19 Ves.
86; Lownd. 151; 2 Vern. 430; 1 Vern. 254; 5 Ves. 461; Com. Dig. Appendix,
Chancery IX.
8.-2. A legacy for life is sometimes given, with an executory
limitation after the death of the tenant for life to another person; in this
case, the tenant for life is entitled to the possession of the legacy, but
when it is of specific article's, the first legatee must sign and deliver to
the second, an inventory of the chattels expressing that they are in his
custody for life only, and that afterwards they are to be delivered and
remain to the use and benefit of the second legatee. 3 P. Wms. 336; 1 Atk.
471; 2 Atk. 82; 1 Bro. C. C. 279; 2 Vern. 249. See 1 Rop. Leg. 404, 5, 580.
It seems that a bequest for life, if specific of things quo ipso usu
consumuntur, is a gift of the property, and that there cannot be a
limitation over, after a life interest in such articles. 3 Meriv. 194.
9.-8. In personal property there cannot be a remainder in the strict
sense of the word, and therefore every future bequest of personal property,
whether it be preceded or not by any particular bequest, or limited on a
certain or uncertain event, is an executory bequest, and falls under the
rules by which that mode of limitation is regulated. Fearne, Cont. R. 401,
n. An executory bequest cannot be prevented or destroyed by any alteration
whatsoever, in the estate, out of which, or after, which it is limited. Id.
421; 8 Co. 96, a; 10 Co. 476. And this privilege of executory bequests,
which exempts them from being barred or destroyed, is the foundation of an
invariable rule, that the event on which an interest of this sort is
permitted to take effect, is such as must happen within a life or lives in
being, and twenty-one years, and the fraction of another year, allowing for
the period of gestation afterwards. Fearne, Cont. R. 431.
10. As to the right acquired by the legatee, legacies may be considered
as vested and contingent. 1. A vested legacy is one;, by which a certain
interest, either present or future in possession, passes to the legatee. 2.
A contingent legacy is one which is so given to a person, that it is
uncertain whether any interest will ever vest in him.
11. A legacy may be lost by abatement, ademption, and lapse. I.
Abatement, see Abatement of Legacies. 2. Ademption, see, Ademption. 3. When
the legatee dies before the testator, or before the condition upon which the
legacy is given be performed, or before the time at which it is directed to
vest in interest have arrived, the legacy is lapsed or extinguished. See
Bac. Abr. Legacies, E; Com. Dig. Chancery, 3 Y. 13; 1 P. Wms. 83; Lownd.
Leg. ch. 12, p. 408 to 415; 1 Rop. Leg. ch. 8, p. 319 to 341.
12. In Pennsylvania, by legislative enactment, no legacy in favor of a
child or other lineal descendant of any testator, shall be deemed or held to
lapse or become void, by reason of the decease of such devisee or legatee,
in the lifetime of the testator, if such devisee or legatee shall leave
issue surviving the testator, but such devise or legacy shall be good and
available, in favor of such surviving issue, with like effect, as if such
devisee or legatee had survived the testator. The testator may however,
intentionally exclude such surviving issue, or any of them. Act of March 19,
1810, 5 Smith's L. of Pa. 112.
13. As to the payment of legacies, it is proper to consider out of what
fund they are to be paid; at what time; and to whom. 1. It is a general
rule, that the personal estate is the primary fund for the payment of
legacies. When the real estate is merely charged with those demands, the
personal assets are to be applied in the first place towards their
liquidation. 1 Serg. & Rawle, 453; 1 Rop. Leg. 463.
14.-2. When legacies are given generally to persons under no
disability to receive them, the payments ought to be made at the end of a
year next after the testator's decease. 5 Binn. 475. The executor is not
obliged to pay them sooner although the testator may have directed them to
be discharged within six months after his death, because the law allows the
executor one year from the demise of the testator, to ascertain and settle
his testator's affairs; and it presumes that at the expiration of that
period, and not before, all debts due by the estate have been satisfied, and
the executor to be then able, properly to apply the residue among the
legatees according to their several rights and interests.
15. When a legacy is given generally, and is subject to a limitation
over upon a subsequent event, the divesting contingency will not prevent the
legatee from receiving his legacy at the end of the year after the
testator's death, and he is under no obligation to give security for
repayment of the money, in case the event shall happen. The principle seems
to be, that as the testator has entrusted him without requiring security, no
person has authority to require it. 1 Ves. Jr. 97; 18 Ves. 131; Lownd. on
Legacies, 403.
16. As to the persons to whom payment to be made, see, where the legacy
is given to an infant 1 Rop. Leg. 589 ;1 P. Wms. 285; 1 Eq. Cas. Abr. 300; 3
Bro. C. C. 97, edit. by Belt; 2 Atk. 80; 2 Johns. C. R. 614; where the
legacy is given to a married woman; 1 Rop. Leg. 595; Lownd. Leg 399; where
the legacy is given to a lunatic, 1 Rop. Leg. 599; where it is given to a
bankrupt; Id. 600; 2 Burr. 717.; where it is given to a person abroad, who
has not been heard of for a long time. Id. 601 Finch, R. 419; 3 Bro. C. C.
510; 5 Ves. 458; Lownd. Leg. 398.
See, generally, as to legacies; Roper on Legacies; Lowndes on Legacies;
Bac. Abr. Legacy; Com. Dig. Administration, C 3, 5; Id. Chancery, 3 A; 3 G;
8 Y 1; Id. Prohibition, G 17; Vin. Abr. Devise; Id. Executor; Swinb. 17 to
44; 2 Salk. 414 to 416.
17. By the Civil Code of Louisiana, legacies are divided into universal
legacies, legacies under an universal title, and particular legacies. 1. An
universal legacy is a testamentary disposition, by which the testator gives
to one or several persons the whole of the property which he leaves; at his
decease. Civ. Code of Lo. art. 1599.
18.-2. The legacy under an universal title, is that by which a
testator bequeaths a certain proportion of the effects of which the law
permits him to dispose, as a half, a third, or all his immovables, or all
his movables, or a fixed proportion of all his immovables, or of all his
movables. Id. 1604.
19.-3. Every legacy not included in the definition given of universal
legacies, and legacies under a universal title, is a legacy under a
particular title. Id. 1618. Copied from Code Civ. art. 1003 and 1010. See
Toullier, Droit Civil Francais, tome 5, p. 482, et seq.
|
LEGACY
(bouvier) | LEGACY, ADDITIONAL. An additional legacy is one which is given by a codicil,
besides one before given by the will; or it is an increase by a codicil of a
legacy before given by the will. An additional legacy is generally subject
to the same qualities and conditions as the original legacy. 6. Mod. 31; 2
Ves. jr. 449; 3 Mer. 154; Ward on Leg. 142.
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LEGACY
(bouvier) | LEGACY, ALTERNATIVE. One where the testator gives one of two things to the
legatee without designating which of them; as, one of my two horses. Vide
Election.
|
LEGACY
(bouvier) | LEGACY, ACCUMULATIVE. An accumulative legacy is a second bequest given by
the same testator to the same legatee, whether it be of the same kind of
thing, as money, or whether it be of different things, as, one hundred
dollars, in one legacy, and a thousand dollars in another, or whether the
sums are equal or whether the legacies are of a different nature. 2 Rop.
Leg. 19.
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LEGACY
(bouvier) | LEGACY, CONDITIONAL. A bequest which is to take effect upon the happening
or, not happening of a certain event. Lownd. Leg. 166; Rop. Leg. Index, tit.
Condition.
|
LEGACY
(bouvier) | LEGACY, RESIDUARY. That which is of the remainder of an estate after the
payment of all the debts and other legacies. Madd. Ch. P. 284.
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LEGACY
(bouvier) | LEGACY, DEMONSTRATIVE. A demonstrative legacy is a bequest of a certain sum
of money; intended for the legatee at all events, with a fund particularly
referred to for its payment; so that if the estate be not the testator's
property at his death, the legacy will not fail: but be payable out of
general assets. 1 Rop. Leg. 153; Lownd. Leg 85; Swinb. 485; Ward on Leg.
370.
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LEGACY
(bouvier) | LEGACY, INDEFINITE. A bequest of things which are not enumerated or
ascertained as to numbers or quantities; as, a bequest by a testator of all
his goods, all his stocks in the funds. Lownd. on Leg. 84; Swinb. 485; Amb.
641; 1 P. Wms. 697.
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LEGACY
(bouvier) | LEGACY, LAPSED. A legacy 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. Wms. 83. Lownd. Leg. 408 to 415; 1 Rop. Leg. 319 to
341. See, as to the law of Pennsylvania in favor of lineal descendants, 5
Smith's Laws of Pa. 112. Vide, generally, 8 Com. Dig. 502-3; 5 Toull. n.
671.
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LEGACY
(bouvier) | LEGACY, M0DAL. A modal legacy is a bequest accompanied with directions as to
the mode in which it should be applied for the legatee's benefit; for
example, a legacy to Titius to put him an apprentice. 2 Vern. 431; Lownd.
Leg. 151.
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LEGACY
(bouvier) | LEGACY, PECUNIARY, A pecuniary legacy is one of money; pecuniary legacies
are most usually general legacies, but there may be a specific pecuniary
legacy; for example, of the money in a certain bag. 1 Rop. Leg. 150, n.
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| | podobné slovo | definícia |
delegacy
(encz) | delegacy,delegace n: Zdeněk Broždelegacy,delegování n: Zdeněk Brož |
Delegacy
(gcide) | Delegacy \Del`e*ga*cy\, n. [From Delegate, a.]
1. The act of delegating, or state of being delegated;
deputed power. [Obs.]
[1913 Webster]
By way of delegacy or grand commission. --Sir W.
Raleigh.
[1913 Webster]
2. A body of delegates or commissioners; a delegation. [Obs.]
--Burton.
[1913 Webster] |
Lapsed legacy
(gcide) | Lapsed \Lapsed\, a.
1. Having slipped downward, backward, or away; having lost
position, privilege, etc., by neglect; -- restricted to
figurative uses.
[1913 Webster]
Once more I will renew
His lapsed powers, though forfeit. --Milton.
[1913 Webster]
2. Ineffectual, void, or forfeited; as, a lapsed policy of
insurance; a lapsed legacy.
[1913 Webster]
Lapsed devise, Lapsed legacy (Law), a devise, or legacy,
which fails to take effect in consequence of the death of
the devisee, or legatee, before that of the testator, or
for other cause. --Wharton (Law Dict.).
[1913 Webster] |
Legacy
(gcide) | Legacy \Leg"a*cy\ (l[e^]g"[.a]*s[y^]), n.; pl. Legacies
(-s[i^]z). [L. (assumed) legatia, for legatum, from legare to
appoint by last will, to bequeath as a legacy, to depute: cf.
OF. legat legacy. See Legate.]
1. A gift of property by will, esp. of money or personal
property; a bequest. Also Fig.; as, a legacy of dishonor
or disease.
[1913 Webster]
2. A business with which one is intrusted by another; a
commission; -- obsolete, except in the phrases last
legacy, dying legacy, and the like.
[1913 Webster]
My legacy and message wherefore I am sent into the
world. --Tyndale.
[1913 Webster]
He came and told his legacy. --Chapman.
[1913 Webster]
Legacy duty, a tax paid to government on legacies.
--Wharton.
Legacy hunter, one who flatters and courts any one for the
sake of a legacy.
[1913 Webster] |
Legacy duty
(gcide) | Legacy \Leg"a*cy\ (l[e^]g"[.a]*s[y^]), n.; pl. Legacies
(-s[i^]z). [L. (assumed) legatia, for legatum, from legare to
appoint by last will, to bequeath as a legacy, to depute: cf.
OF. legat legacy. See Legate.]
1. A gift of property by will, esp. of money or personal
property; a bequest. Also Fig.; as, a legacy of dishonor
or disease.
[1913 Webster]
2. A business with which one is intrusted by another; a
commission; -- obsolete, except in the phrases last
legacy, dying legacy, and the like.
[1913 Webster]
My legacy and message wherefore I am sent into the
world. --Tyndale.
[1913 Webster]
He came and told his legacy. --Chapman.
[1913 Webster]
Legacy duty, a tax paid to government on legacies.
--Wharton.
Legacy hunter, one who flatters and courts any one for the
sake of a legacy.
[1913 Webster] |
Legacy hunter
(gcide) | Legacy \Leg"a*cy\ (l[e^]g"[.a]*s[y^]), n.; pl. Legacies
(-s[i^]z). [L. (assumed) legatia, for legatum, from legare to
appoint by last will, to bequeath as a legacy, to depute: cf.
OF. legat legacy. See Legate.]
1. A gift of property by will, esp. of money or personal
property; a bequest. Also Fig.; as, a legacy of dishonor
or disease.
[1913 Webster]
2. A business with which one is intrusted by another; a
commission; -- obsolete, except in the phrases last
legacy, dying legacy, and the like.
[1913 Webster]
My legacy and message wherefore I am sent into the
world. --Tyndale.
[1913 Webster]
He came and told his legacy. --Chapman.
[1913 Webster]
Legacy duty, a tax paid to government on legacies.
--Wharton.
Legacy hunter, one who flatters and courts any one for the
sake of a legacy.
[1913 Webster] |
Specific legacy
(gcide) | specific \spe*cif"ic\ (sp[-e]*s[i^]f"[i^]k), a. [F.
sp['e]cifique, or NL. spesificus; L. species a particular
sort or kind + facere to make. Cf. specify.]
1. Of or pertaining to a species; characterizing or
constituting a species; possessing the peculiar property
or properties of a thing which constitute its species, and
distinguish it from other things; as, the specific form of
an animal or a plant; the specific qualities of a drug;
the specific distinction between virtue and vice.
[1913 Webster]
Specific difference is that primary attribute which
distinguishes each species from one another. --I.
Watts.
[1913 Webster]
2. Specifying; definite, or making definite; limited;
precise; discriminating; as, a specific statement.
[1913 Webster]
3. (Med.) Exerting a peculiar influence over any part of the
body; preventing or curing disease by a peculiar
adaptation, and not on general principles; as, quinine is
a specific medicine in cases of malaria.
[1913 Webster]
In fact, all medicines will be found specific in the
perfection of the science. --Coleridge.
[1913 Webster]
Specific character (Nat. Hist.), a characteristic or
characteristics distinguishing one species from every
other species of the same genus.
Specific disease (Med.)
(a) A disease which produces a determinate definite effect
upon the blood and tissues or upon some special
tissue.
(b) A disease which is itself uniformly produced by a
definite and peculiar poison or organism.
Specific duty. (Com.) See under Duty.
Specific gravity. (Physics) See under Gravity.
Specific heat (Physics), the quantity of heat required to
raise the temperature of a body one degree, taking as the
unit of measure the quantity required to raise the same
weight of water from zero to one degree; thus, the
specific heat of mercury is 0.033, that of water being
1.000.
Specific inductive capacity (Physics), the effect of a
dielectric body in producing static electric induction as
compared with that of some other body or bodies referred
to as a standard.
Specific legacy (Law), a bequest of a particular thing, as
of a particular animal or piece of furniture, specified
and distinguished from all others. --Wharton. --Burrill.
Specific name (Nat. Hist.), the name which, appended to the
name of the genus, constitutes the distinctive name of the
species; -- originally applied by Linnaeus to the
essential character of the species, or the essential
difference. The present specific name he at first called
the trivial name.
Specific performance (Law), the peformance of a contract or
agreement as decreed by a court of equity.
[1913 Webster] |
Vested legacy
(gcide) | Vested \Vest"ed\, a.
1. Clothed; robed; wearing vestments. "The vested priest."
--Milton.
[1913 Webster]
2. (Law) Not in a state of contingency or suspension; fixed;
as, vested rights; vested interests.
[1913 Webster]
Vested legacy (Law), a legacy the right to which commences
in praesenti, and does not depend on a contingency; as, a
legacy to one to be paid when he attains to twenty-one
years of age is a vested legacy, and if the legatee dies
before the testator, his representative shall receive it.
--Blackstone.
Vested remainder (Law), an estate settled, to remain to a
determined person, after the particular estate is spent.
--Blackstone. --Kent.
[1913 Webster] |
delegacy
(wn) | delegacy
n 1: the state of serving as an official and authorized delegate
or agent [syn: representation, delegacy, agency]
2: a group of representatives or delegates [syn: deputation,
commission, delegation, delegacy, mission]
3: the appointment of a delegate |
legacy code
(foldoc) | legacy system
legacy
legacy code
legacy software
A computer system or application program which
continues to be used because of the cost of replacing or
redesigning it and often despite its poor competitiveness and
compatibility with modern equivalents. The implication is
that the system is large, monolithic and difficult to modify.
If legacy software only runs on antiquated hardware the cost
of maintaining this may eventually outweigh the cost of
replacing both the software and hardware unless some form of
emulation or backward compatibility allows the software to
run on new hardware.
(1998-08-09)
|
legacy software
(foldoc) | legacy system
legacy
legacy code
legacy software
A computer system or application program which
continues to be used because of the cost of replacing or
redesigning it and often despite its poor competitiveness and
compatibility with modern equivalents. The implication is
that the system is large, monolithic and difficult to modify.
If legacy software only runs on antiquated hardware the cost
of maintaining this may eventually outweigh the cost of
replacing both the software and hardware unless some form of
emulation or backward compatibility allows the software to
run on new hardware.
(1998-08-09)
|
legacy system
(foldoc) | legacy system
legacy
legacy code
legacy software
A computer system or application program which
continues to be used because of the cost of replacing or
redesigning it and often despite its poor competitiveness and
compatibility with modern equivalents. The implication is
that the system is large, monolithic and difficult to modify.
If legacy software only runs on antiquated hardware the cost
of maintaining this may eventually outweigh the cost of
replacing both the software and hardware unless some form of
emulation or backward compatibility allows the software to
run on new hardware.
(1998-08-09)
|
CUMULATIVE LEGACY
(bouvier) | CUMULATIVE LEGACY. Vide Legacy accumulative; and 8 Vin. Ab. 308 1 Supp. to
Ves. jr. 133, 282, 332.
|
ELECTION OF A DEVISE OR LEGACY
(bouvier) | ELECTION OF A DEVISE OR LEGACY. It is an admitted principle, that a person
shall not be permitted to claim under any instrument, whether it be a deed
or a will, without giving full effect to it in every respect, so far as such
person is concerned. When a testator, therefore, gives what belongs to
another and not to him, and gives to the owner some estate of his own; this
gift is under an implied condition, either that he shall part with his own
estate, or not take the bounty. 9 Ves. 615; 10 Ves. 609; 13 Ves. 220; 2 Ves.
697; 1 Suppl. to Ves. jr. 222; Id. 55; Id. 340. If, for example, a testator
undertakes to dispose of an estate belonging to B, and devise to B other
lands, or bequeath to him a legacy by the same will, B will not be permitted
to keep his own estate, and enjoy at the same time the benefit of the devise
or bequest made in his favor, but must elect whether he will part with his
own estate, and accept the provisions in the will, or continue in possession
of the former and reject the latter. See 2 Vern. 5.81; Forr. 176; 1 Swanst.
436, 447 1 Rro. C. C. 480; 2 Rawle, 168; 17 S. & R. 16 2 Gill, R. 182, 201;
1 Dev. Eq. R. 283; 3 Desaus. 346; 6 John. Ch. R. 33; Riley, Ch. R. 205; 1
Whart. 490; 5 Dana, 345; White's L. C. in Eq. *233.
2. The foundation of the equitable doctrine of election, is the
intention, explicit or presumed, of the author of the instrument to which it
is applied, and such is the, import of the expression by which it is
described as proceeding, sometimes on a tacit, implied, or constructive
condition, sometimes on equity. See Cas. temp. Talb. 183; 2 Vern. 582; 2
Ves. 14; 1 Eden, R. 536; 1 Ves. 306. See, generally, 1 Swan. 380 to 408,
414, 425, 432, several very full notes.
3. As to what acts of acceptance or acquiescence will constitute an
implied election, see 1 Swan. R. 381, n. a; and the cases there cited.
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LAPSED LEGACY
(bouvier) | LAPSED LEGACY. One which is extinguished. The extinguishment may take place
for various reasons. See Legacy, Lapsed.
2. A distinction has been made between a lapsed devise of real estate
and a lapsed legacy of personal estate. The real estate which is lapsed does
not fall into the residue, unless so provided by the will, but descends to
the heir at law; on the contrary, personal property passes by the residuary
clause where it is not otherwise disposed of. 2 Bouv. Inst. 2154-6.
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LEGACY
(bouvier) | LEGACY. A bequest or gift of goods or chattels by testament. 2 Bl. Com. 512;
Bac. Abr. Legacies, A. See Merlin, Repertoire, mot Legs, s. 1; Swinb. 17;
Domat, liv. 4, t. 2, Sec. 1, n. 1. This word, though properly applicable to
bequests of personal estate only, has nevertheless been extended to property
not technically within its import, in order to effectuate the intention of
the testator, so as to include real property and annuities. 5 T. R. 716; 1
Burr. 268; 7 Ves. 522; Id. 391; 2 Cain. R. 345. Devise is the term more
properly applied to gifts of real estate. Godolph. 271.
2. As the testator is presumed at the time of making his will to be
inops concilii, his intention is to, be sought for, and any words which
manifest the intention to give or create a legacy, are sufficient. Godolph.
281, pt. 3, c. 22, s. 21; Com. Dig. Chancery, 3 Y 4; Bac. Abr. Legacies, B
1.
3. Legacies are of different kinds; they may be considered as general,
specific, and residuary. 1. A legacy is general, when it is so given as not
to amount to a bequest of a specific part of a testator's personal estate;
as of a sum of money generally, or out of the testator's personal estate, or
the like. 1 Rop. Leg. 256; Lown. Leg. 10. A general legacy is relative to
the testator's death; it is a bequest of such a sum or such a thing at that
time, or a direction to the executors, if such a thing be not in the
testator's possession at that time, to procure it for the legatee. Cas.
Temp. Talb. 227; Amb. 57; 4 Ves. jr. 675; 7 Ves. jr. 399.
4.-2. A specific legacy is a bequest of a particular thing, or money
specified and distinguished from all other things of the same kind; as of a
particular horse, a particular piece of plate, a particular term of years,
and the like, which would vest immediately, with the assent of the executor.
1 Rop. Leg. 149; Lownd. Leg. 10, 11; 1 Atk. 415. A specific legacy has
relation to the time of making the will; it is a bequest of some particular
thing in the testator's possession at that time, if such a thing should be
in the testator's possession at the time of his death. If it should not be
in the testator's possession, the legatee has no claim. There are legacies
of quantity in the nature of specific legacies, as of so much money with
reference to a particular fund for their payment. Touchs. 433; Amb. 310; 4
Ves. 565; 3 Ves. & Bea. 5.
5. This kind of legacy is so far general, and differs so much in effect
from a specific one, that if the funds be called in or fail, the legatees
will not be deprived of their legacies, but be permitted to receive them out
of the general assets; yet the legacies are go far specific, that they will
not be liable to abate with general legacies upon a deficiency of assets. 2
Ves. jr. 640; 5 Ves. jr. 206; 1 Mer. R. 178.
6.-3. A residuary legacy is a bequest of all the testator's personal
estate, not otherwise effectually disposed of by his will. Lown. Leg, 10;
Bac. Abr. Legacies, I.
7. As to the interest given, legacies may be considered, as absolute,
for life, or in remainder. 1. A legacy is absolute, when it is given without
condition, and is to vest immediately. See 2 Vern. 181; Ambl. 750; 19 Ves.
86; Lownd. 151; 2 Vern. 430; 1 Vern. 254; 5 Ves. 461; Com. Dig. Appendix,
Chancery IX.
8.-2. A legacy for life is sometimes given, with an executory
limitation after the death of the tenant for life to another person; in this
case, the tenant for life is entitled to the possession of the legacy, but
when it is of specific article's, the first legatee must sign and deliver to
the second, an inventory of the chattels expressing that they are in his
custody for life only, and that afterwards they are to be delivered and
remain to the use and benefit of the second legatee. 3 P. Wms. 336; 1 Atk.
471; 2 Atk. 82; 1 Bro. C. C. 279; 2 Vern. 249. See 1 Rop. Leg. 404, 5, 580.
It seems that a bequest for life, if specific of things quo ipso usu
consumuntur, is a gift of the property, and that there cannot be a
limitation over, after a life interest in such articles. 3 Meriv. 194.
9.-8. In personal property there cannot be a remainder in the strict
sense of the word, and therefore every future bequest of personal property,
whether it be preceded or not by any particular bequest, or limited on a
certain or uncertain event, is an executory bequest, and falls under the
rules by which that mode of limitation is regulated. Fearne, Cont. R. 401,
n. An executory bequest cannot be prevented or destroyed by any alteration
whatsoever, in the estate, out of which, or after, which it is limited. Id.
421; 8 Co. 96, a; 10 Co. 476. And this privilege of executory bequests,
which exempts them from being barred or destroyed, is the foundation of an
invariable rule, that the event on which an interest of this sort is
permitted to take effect, is such as must happen within a life or lives in
being, and twenty-one years, and the fraction of another year, allowing for
the period of gestation afterwards. Fearne, Cont. R. 431.
10. As to the right acquired by the legatee, legacies may be considered
as vested and contingent. 1. A vested legacy is one;, by which a certain
interest, either present or future in possession, passes to the legatee. 2.
A contingent legacy is one which is so given to a person, that it is
uncertain whether any interest will ever vest in him.
11. A legacy may be lost by abatement, ademption, and lapse. I.
Abatement, see Abatement of Legacies. 2. Ademption, see, Ademption. 3. When
the legatee dies before the testator, or before the condition upon which the
legacy is given be performed, or before the time at which it is directed to
vest in interest have arrived, the legacy is lapsed or extinguished. See
Bac. Abr. Legacies, E; Com. Dig. Chancery, 3 Y. 13; 1 P. Wms. 83; Lownd.
Leg. ch. 12, p. 408 to 415; 1 Rop. Leg. ch. 8, p. 319 to 341.
12. In Pennsylvania, by legislative enactment, no legacy in favor of a
child or other lineal descendant of any testator, shall be deemed or held to
lapse or become void, by reason of the decease of such devisee or legatee,
in the lifetime of the testator, if such devisee or legatee shall leave
issue surviving the testator, but such devise or legacy shall be good and
available, in favor of such surviving issue, with like effect, as if such
devisee or legatee had survived the testator. The testator may however,
intentionally exclude such surviving issue, or any of them. Act of March 19,
1810, 5 Smith's L. of Pa. 112.
13. As to the payment of legacies, it is proper to consider out of what
fund they are to be paid; at what time; and to whom. 1. It is a general
rule, that the personal estate is the primary fund for the payment of
legacies. When the real estate is merely charged with those demands, the
personal assets are to be applied in the first place towards their
liquidation. 1 Serg. & Rawle, 453; 1 Rop. Leg. 463.
14.-2. When legacies are given generally to persons under no
disability to receive them, the payments ought to be made at the end of a
year next after the testator's decease. 5 Binn. 475. The executor is not
obliged to pay them sooner although the testator may have directed them to
be discharged within six months after his death, because the law allows the
executor one year from the demise of the testator, to ascertain and settle
his testator's affairs; and it presumes that at the expiration of that
period, and not before, all debts due by the estate have been satisfied, and
the executor to be then able, properly to apply the residue among the
legatees according to their several rights and interests.
15. When a legacy is given generally, and is subject to a limitation
over upon a subsequent event, the divesting contingency will not prevent the
legatee from receiving his legacy at the end of the year after the
testator's death, and he is under no obligation to give security for
repayment of the money, in case the event shall happen. The principle seems
to be, that as the testator has entrusted him without requiring security, no
person has authority to require it. 1 Ves. Jr. 97; 18 Ves. 131; Lownd. on
Legacies, 403.
16. As to the persons to whom payment to be made, see, where the legacy
is given to an infant 1 Rop. Leg. 589 ;1 P. Wms. 285; 1 Eq. Cas. Abr. 300; 3
Bro. C. C. 97, edit. by Belt; 2 Atk. 80; 2 Johns. C. R. 614; where the
legacy is given to a married woman; 1 Rop. Leg. 595; Lownd. Leg 399; where
the legacy is given to a lunatic, 1 Rop. Leg. 599; where it is given to a
bankrupt; Id. 600; 2 Burr. 717.; where it is given to a person abroad, who
has not been heard of for a long time. Id. 601 Finch, R. 419; 3 Bro. C. C.
510; 5 Ves. 458; Lownd. Leg. 398.
See, generally, as to legacies; Roper on Legacies; Lowndes on Legacies;
Bac. Abr. Legacy; Com. Dig. Administration, C 3, 5; Id. Chancery, 3 A; 3 G;
8 Y 1; Id. Prohibition, G 17; Vin. Abr. Devise; Id. Executor; Swinb. 17 to
44; 2 Salk. 414 to 416.
17. By the Civil Code of Louisiana, legacies are divided into universal
legacies, legacies under an universal title, and particular legacies. 1. An
universal legacy is a testamentary disposition, by which the testator gives
to one or several persons the whole of the property which he leaves; at his
decease. Civ. Code of Lo. art. 1599.
18.-2. The legacy under an universal title, is that by which a
testator bequeaths a certain proportion of the effects of which the law
permits him to dispose, as a half, a third, or all his immovables, or all
his movables, or a fixed proportion of all his immovables, or of all his
movables. Id. 1604.
19.-3. Every legacy not included in the definition given of universal
legacies, and legacies under a universal title, is a legacy under a
particular title. Id. 1618. Copied from Code Civ. art. 1003 and 1010. See
Toullier, Droit Civil Francais, tome 5, p. 482, et seq.
LEGACY, ADDITIONAL. An additional legacy is one which is given by a codicil,
besides one before given by the will; or it is an increase by a codicil of a
legacy before given by the will. An additional legacy is generally subject
to the same qualities and conditions as the original legacy. 6. Mod. 31; 2
Ves. jr. 449; 3 Mer. 154; Ward on Leg. 142.
LEGACY, ALTERNATIVE. One where the testator gives one of two things to the
legatee without designating which of them; as, one of my two horses. Vide
Election.
LEGACY, ACCUMULATIVE. An accumulative legacy is a second bequest given by
the same testator to the same legatee, whether it be of the same kind of
thing, as money, or whether it be of different things, as, one hundred
dollars, in one legacy, and a thousand dollars in another, or whether the
sums are equal or whether the legacies are of a different nature. 2 Rop.
Leg. 19.
LEGACY, CONDITIONAL. A bequest which is to take effect upon the happening
or, not happening of a certain event. Lownd. Leg. 166; Rop. Leg. Index, tit.
Condition.
LEGACY, RESIDUARY. That which is of the remainder of an estate after the
payment of all the debts and other legacies. Madd. Ch. P. 284.
LEGACY, DEMONSTRATIVE. A demonstrative legacy is a bequest of a certain sum
of money; intended for the legatee at all events, with a fund particularly
referred to for its payment; so that if the estate be not the testator's
property at his death, the legacy will not fail: but be payable out of
general assets. 1 Rop. Leg. 153; Lownd. Leg 85; Swinb. 485; Ward on Leg.
370.
LEGACY, INDEFINITE. A bequest of things which are not enumerated or
ascertained as to numbers or quantities; as, a bequest by a testator of all
his goods, all his stocks in the funds. Lownd. on Leg. 84; Swinb. 485; Amb.
641; 1 P. Wms. 697.
LEGACY, LAPSED. A legacy 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. Wms. 83. Lownd. Leg. 408 to 415; 1 Rop. Leg. 319 to
341. See, as to the law of Pennsylvania in favor of lineal descendants, 5
Smith's Laws of Pa. 112. Vide, generally, 8 Com. Dig. 502-3; 5 Toull. n.
671.
LEGACY, M0DAL. A modal legacy is a bequest accompanied with directions as to
the mode in which it should be applied for the legatee's benefit; for
example, a legacy to Titius to put him an apprentice. 2 Vern. 431; Lownd.
Leg. 151.
LEGACY, PECUNIARY, A pecuniary legacy is one of money; pecuniary legacies
are most usually general legacies, but there may be a specific pecuniary
legacy; for example, of the money in a certain bag. 1 Rop. Leg. 150, n.
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SPECIFIC LEGACY
(bouvier) | SPECIFIC LEGACY. A bequest of a particular thing.
2. It follows that a specific legacy may be of animals or inanimate
things, provided they are specified and separated from all other things; a
specific legacy may therefore be of money in a bag, or of money marked and
so described; as, I give two eagles to A B, on which are engraved the
initials of my name. A specific legacy may also be given out of a general
fund. Touch. 433 Amb. 310; 4 Ves. 565; 3 Ves. & Bea. 5. If the specific
article given be, not found among the assets of the testator, the legatee
loses his legacy; but on the other hand, if there be a deficiency of assets,
the specific legacy will not be liable to abate with the general legacies. 1
Vern. 31; 1 P. Wms. 422; 3 P. Wms. 365; 3 Bro. C. C. 160; vide 1 Roper on
Leg. 150; 1 Supp. to Ves. jr. 209. Id. 231; 2 Id. 112; and articles
Legacy; Legatee.
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UNIVERSAL LEGACY
(bouvier) | UNIVERSAL LEGACY. A term used among civilians. An universal legacy is a
testamentary disposition, by which the testator gives to one or several
persons the whole of the property which he leaves at his decease. Civil Code
of Lo. art. 1599; Code Civ. art. 1003; Poth. Donations testamentaires, c. 2,
sect. 1, Sec. 2.
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