2. equitable ownership as distinct from legal title.
• implication to the conveyer – when property is transferred without consideration [called a resulting use];
• bargain and sale deed; OR
• a covenant to stand seised.
An important effect of the Statute of Uses was the validation at law of executory interests (a species of future interests) that had previously been recognized only in equity.
- SHIFTING USE
- a use that arises in derogation of another (ie, a use that shifts from one beneficiary to another – depending on some future contingency).
- SPRINGING USE
-
a use that:
(a) arises upon the occurrence of a future event; Thus, a shifting use is one that cuts short a prior use estate – in a person other than the conveyor; while a springing use is one that cuts short a use estate – in the conveyor.
(b) does not take effect in derogation of any interest [other than one that results to the grantor]; and
(c) remains in – the meantime – with the grantor.
In patent law, use refers to the rights of the licensee of the patent.