§ 10-8.1 Rule against perpetuities; time at which permissible period
§ 10-8.2 Rule against perpetuities; law which determines permissible
§ 10-8.3 Rule against perpetuities; facts to be considered
§ 10-8.4 Rule against accumulations; law determining validity in
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Terms Used In New York Laws > Estates, Powers and Trusts > Article 10 > Part 8 - Rule Against Perpetuities and Accumulations As Affected By Powers of Appointment

  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Fraud: Intentional deception resulting in injury to another.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Statute: A law passed by a legislature.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.