precarious circumstances

precarious circumstances
A desperate financial condition. A financial condition approaching insolvency or bankruptcy. The circumstances of an executor are said to be "precarious" only when his conduct and character present such evidence of improvidence or recklessness in the management of the trust estate, or of his own, as in the opinion of prudent and discreet men, endangers its security. Shields v Shields (NY) 60 Barb 56, 61.

Ballentine's law dictionary. . 1998.

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