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What are the differences between Vested Rights and Contingent Rights?

This article describes the differences between Vested Rights and Contingent Rights.

Vested Rights

  1. It is already a perfect right.
Protecting Rights through Permanent Status: No to conditional ...

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  1. The vested right is heritable.
  2. A vested right is not defeated by the death of the transferee before he obtains possession. The property passes to his heirs.
  3. A vested right is attachable under sec. 60 of C.P.C., because its certainty.
  4. The transferee owns the right absolutely.

Contingent Rights

  1. A contingent right becomes perfect, only a certain condition is fulfilled mentioned in the deed.
  2. It is not heritable.
  3. The contingent right is defeated by the death of the transferee before he obtains possession.
  4. A contingent right is defeated by the death of the transferee before he obtains possession.
  5. The transferee owns it merely conditionally.
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