Condition that transfer shall cease to have
effect in case specified uncertain event happens
or does not happen.- Subject to the
provisions of section 12, on a transfer of property
an interest therein may be created with the
condition superadded that it shall cease to
exist in case a specified uncertain event shall
happen, or in case a specified uncertain event
shall not happen.
(a) A transfers a farm to
B for his life, with a proviso that, in case
B cuts down a certain wood, the transfer shall
cease to have any effect. B cuts down the wood.
He loses his life-interest in the farm.
(b) A transfers a farm to
B, provided that, if B shall not go to England
within three years after the date of the transfer,
his interest in the farm shall cease. B does
not go to England within the term prescribed.
His interest in the farm ceases.