Chapter 2

Question 1

Possessory Estate

Answer 1

The holder has the current (as opposed to a future) right to possess the land. The opposite of this is a future interest.

Question 2

Future Interest

Answer 2

A right to future possession. The right can be conditioned on the occurrence of a certain event or condition, or it can be unconditional.

Question 3

Fee Simple

Answer 3

An interest that can, theoretically, continue forever. It can be contrasted with a fee tail (which ends on the termination of the holder’s lineal descendants), a life estate (which ends when the measuring life dies), and a term of years (which ends when the lease term expires).

Question 4

Words of Purchase

Answer 4

The part of a conveyance that identifies the grantee. In the conveyance “O to A and her heirs,” they are “to A”

Question 5

Words of Limitation

Answer 5

The part of a conveyance that identifies the nature of the estate conveyed. In the conveyance “O to A and her heirs,” they are “and her heirs,” indicating that A is receiving a fee simple.

Question 6

Term of Years

Answer 6

A lease for a designated period of time.

Question 7

Seisin

Answer 7

The right to possession of land accompanied by particular responsibilities, such as the payment of taxes.

Question 8

Life Estate

Answer 8

An interest that will end upon the death of the person whose life is designated as the measuring life. Examples” O to A for life” and “O to A for the life of B.”

Question 9

Pur Autre Vie

Answer 9

Literally “for the life of another.” It is a life estate the lasts for the duration of the life of another.