Legal Definitions - bare possibility

Definition: Bare possibility refers to a situation where there is a chance that something may or may not happen. It can also refer to a contingent interest in real or personal property.

• Naked possibility: This is a situation where there is a mere chance or expectation that a person will acquire future property. For example, if someone conveys all rights to a future estate that is not yet in existence, the conveyance of a naked possibility is usually void for lack of subject matter.
• Possibility coupled with an interest: This refers to an expectation that is recognized in law as an estate or interest. For instance, this can occur in an executory devise or in a shifting or springing use. This type of possibility can be sold or assigned.
• Remote possibility: This is a limitation that is dependent on two or more facts or events that are contingent and uncertain. It is also known as a double possibility. For example, if someone leaves their property to their child, but only if the child graduates from college and gets married, this is a remote possibility.

These examples illustrate how bare possibility can refer to different situations where there is a chance that something may or may not happen. It can also refer to different types of interests in property that are contingent on certain conditions being met.