Simple English definitions for legal terms
Read a random definition: account receivable
Defeasible: This means that something can be cancelled or avoided. For example, a defeasible deed is a type of legal document that can be cancelled or made invalid. Defeasibility is the quality of being able to be cancelled or avoided.
Definition: Capable of being annulled or avoided.
Examples:
These examples illustrate that something that is defeasible can be undone or cancelled. For example, a defeasible deed is a legal document that can be cancelled or invalidated under certain conditions. Similarly, a defeasible estate or fee simple can be revoked if certain conditions are not met. Overall, the term defeasible implies that something is not permanent or absolute, but rather subject to change or cancellation.