Estates in Land - Transactions Flashcards
Identify words of Purchase/Limitation:
O conveys Blackacre to A for ten years, remainder to B for life, remainder to the Church of the Seven Rays its successors and assigns, so long as the premises shall be used for church purposes.
Purchase:
- “To A”
- “To B”
- “to the church of the Seven Rays”
Limitation:
- “for 10 years”
- “remainder…for life”
- “remainder…its successors and assigns so long as the premises shall be used for church purposes”
Identify words of Purchase/Limitation:
O conveys Blackacre to A and his heirs, but if A shall die without issue living at her death, to the heirs of B.
Purchase:
- “To A”
- “To the heirs of B”
Limitation:
- “and his heirs, but if A shall die without Issue living at her death”
- “and her heirs” (fee simple)
O conveys Blackacre to A and his heirs.
A has a fee simple absolute
O has nothing
O conveys Blackacre to Greenpeace, its successors and assigns, so long as the premises shall be used for environmental purposes.
Greenpeace has a fee simple determinable
O has a possibility of reverter in fee simple absolute
O conveys Blackacre to A and his heirs, but if the premises shall be used for the sale of drugs then O may re-enter and repossess the premises.
A has a fee simple subject to conditions subsequent
O has power of termination and a right of entry
O conveys Blackacre to A for Life.
A has a life estate measured by A’s life
O has a reversion in fee simple
O conveys Blackacre to A for life and in the event of A’s death to B and her heirs.
A has a life estate measured by A’s life
B has a vested remainder in fee simple
O has nothing
O conveys Blackacre to A for life, then to B and her heirs.
A has a life estate measured by A’s life
B has a vested remainder in fee simple
O has nothing
O conveys Blackacre to A for life, then to B for five years
A has a life estate measured by A’s life
B has a vested remainder in a tenancy for a term of 5 years
O has a reversion in fee simple
O conveys Blackacre to A for life. A transfers all A’s interest to B.
A has nothing
B has a life estate pur autre vie (for the life of another) measured by A’s life
O has a reversion in fee simple
O conveys Blackacre to A for life, then to B and the heirs of her body.
A has a life estate measured by A’s life
B has a vested remainder in fee simple
O has nothing
O conveys Blackacre to A for life, then to the heirs of B. B is alive.
A has a life estate measured by A’s life
B’s heirs have a contingent remainder in fee simple
O - depends on jurisdiction
- if contingent remainder is destroyed, O has a reversion in fee simple
- if contingent remainder is recognized, O has nothing
O conveys Blackacre to A for life, then to A’s children and their heirs. A has 1 child, B.
A has a life estate measured by A’s life
A’s children and their heirs have a vested remainder in fee simple, subject to open
B has a vested remainder in fee simple subject to partial divestment if A has more children
O has nothing
O conveys Blackacre to A for life, remainder to such of A’s issue as survive him.
A has a life estate measured by A’s life
Such of A’s issue as survive him have a contingent remainder in fee simple
O - depends on jurisdiction
- if contingent remainder is destroyed, O has a reversion in fee simple
- if contingent remainder is recognized, O has a reversion in fee simple subject to defeasance
O conveys Blackacre to A for life, then to A’s children and their heirs. At the time of the conveyance, A is living with two children B and C. Then A has another child D. After that A dies.
Before A dies:
A has a life estate measured by A’s life
A’s children have a vested remainder in fee simple, subject to open
O has nothing
After A dies:
A has nothing - dead
B, C & D each have a 1/3 interest in fee simple
O has nothing
