Ownership/ Future Interet

Question 1

Fee simple determinable what in the sentence shows it is. And the grantor future interest is called what ?

Answer 1

Fuck while under duress

For so long as, while, until, during

Possibility of revertor (automatically reverts to the grantor upon the condition )

Question 2

Fee simple subject to condition subsequent language and right does the grantor have upon the event happening ?

Answer 2

All other words that are not fsd

Right of reentry

Question 3

Reversion is the right to who in what kind of estate?

Answer 3

Grantor in life estate

Question 4

What kind of future interest are they in life estates?

Answer 4

1. Reversion if going back to grantor

2. Remainders if going 3rd party

Question 5

What are the two types of remainders and how are different?

Answer 5

1. Vested remainer - individual is ascertain able and no prior conditions for It to vest
2. Contingent remainder - unascertainanle grantee or subject to express condition precedent for grantee’s taking

Question 6

Fee simple subject to executory interest ?

Answer 6

Fee simple that terminates upon a happening of a condition.

Question 7

In a fee simple subject to executory interest the 3 red party can have what kind of interest and the type is based on what ?

Answer 7

Executory interest. It can be either springing or shifting.

Shifting is when it passes from the grantee to the third party upon the happening on the condition

Springing when it divest interest of the grantor .

Question 8

Remainders / executory interest are transferable inter vivos (by gift during lifetime), devisable (through will) or intestate ? True or false ?

Answer 8

True