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Wait and see |
: a doctrine in property law that postpones determining the question of validity of a future interest that has not yet vested (as a contingent remainder) until circumstances make clear whether or not the interest will vest within a time limit
compare rule against perpetuities
A minority of states have adopted the wait and see doctrine.
| Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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estoppel
a bar to the use of contradictory words or acts in asserting a claim or right against another
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