potential possession

potential possession
A characterization of the principle whereunder the owner of land is able to sell future crops to be grown thereon, the owner of cows to dispose of their future offspring, and a lessee under an oil and gas lease to transfer effectively a percentage interest in his production. 24 Am J1st Gas & O § 94.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем решить контрольную работу

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