1. Basis of the rules affecting perpetuities.

1.     Introduction

1.     Basis of the rules affecting perpetuities.

The law regulates dispositions fettering the future alienation, devolution or enjoyment of property. It does so because of considerations of public policy1. Although the principle of private ownership requires that an owner of property is to have power to dispose as he thinks fit, either during life or on death, of his whole interest in the property he owns, public policy requires that the power should not be abused. Accordingly, from early times, the law has discouraged dispositions of property which either impose restrictions on future alienations of