Hawes v. Lathrop

Citations

• 38 Cal. 493

Syllabus

<p>Estate in Reversion—At what Time the Right to Becomes Absolute.—The right to an estate in reversion becomes absolute on the happening of the event which terminates the intermediate estate.</p> <p>Idem.—When it was provided in a conveyance of real estate to certain parties in trust for a specified purpose, that if the trustees should declare by resolution that the objects of the trust were found to be impracticable, that the estate thereby conveyed should be determined, and the land revert to the grantor, it was held that on the happening of that event, the trust deed became void, and the right of the grantor became absolute.</p> <p>Honey Regarded as Land. —The proceeds of a policy of insurance (effected by the trustees) for a loss happening to the property during the continuance of the trust estate, and not expended for the purposes of the trust, will, on the determination of the trust estate, be regarded, in equity, as real property, and will belong to the owner of the reversion.</p> <p>Fixtures. —The strictness of the earlier rule requiring a structure to he attached to the soil, in order to become a fixture, is being relaxed in this country.</p> <p>Idem.—An addition to a house already existing, is not personal property, hut becomes, like the house to which it is attached, a part of the realty.</p>