POSSIBILITY

possibility. 1. An event that may or may not happen. 2. A contingent interest in real or personal property.

bare possibility. See naked possibility.

naked possibility. A mere chance or expectation that a person will acquire future property. • A conveyance of a naked possibility is usu. void for lack of subject matter, as in a deed conveying all rights to a future estate not yet in existence. — Also termed bare possibility; naked expectancy.

[Cases: Assignments 8. C.J.S. Assignments §§ 17–18.] possibility coupled with an interest.An expectation recognized in law as an estate or interest, as occurs in an executory devise or in a shifting or springing use. • This type of possibility may be sold or assigned. [Cases: Assignments 9. C.J.S. Assignments § 16.]

possibility on a possibility. See remote possibility.

remote possibility. A limitation dependent on two or more facts or events that are contingent and uncertain; a double possibility. — Also termed possibility on a possibility. [Cases: Wills 7. C.J.S. Wills §§ 58, 63–64, 68.]

[Blacks Law 8th]