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Flashcards in The Defeasible Fees Deck (16)
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1
Q

What are Defeasible Fees?

A

Present Possessory Estates that may continue forever or may end upon the occurance of some stated future even or condition

2
Q

Are Defeasible Fees Alienable, Devisable, and Descendible?

A

Yes

3
Q

What are the 3 types of Defeasible Fees

A
  1. FSD
  2. FSSCS
  3. FSSEI
4
Q

What are these?

  1. FSD
  2. FSSCS
  3. FSSEI
A

The three Defeasible Fees

5
Q

What are the 4 FSD signal words?

A
SUWD
1. So long as
2. Until
3. While
4. During
SUWD
6
Q

T/F Grantor (and his heirs) retain a future interest called Possibility of Reverter for an FSD?

A

True, the grantor and his heirs retain a future interest called a Possibility of Reverter

7
Q

What is a FSD?

A

it automatically ends when a stated event happens

8
Q

What is a FSSCS?

A

a FSE that MAY be terminated at the OPTION of the grantor if a stated condition or event occurs

9
Q

What future interest follows a FSSCS?

A

Right of Entry aka Power of Termination

10
Q

What future interest follows a FSD?

A

Possibility of Reverter

11
Q

What are the FSSCS signal words?

A
BPOH
1. But if
2. Provided that
3. On condition that
4. However
BPOH
12
Q

What is FSSEI?

A

FSE created in a grantee that’s followed by a future interest in a 3rd Party

13
Q

What future interest follows an FSSEI?

A

Executory Interest

14
Q

What signal words create a FSSEI?

A

The same words as FSD and FSSCS (SUWD/BPOH) and is followed by the words “then to”

15
Q

What is a Covenant?

A

Effectively, the same as FSD, FSSCS, and FSSEI with a goal to prohibit the estate holder for engaging in certain types of uses, behaviors, and acts

16
Q

What happens when a covenant is broken?

A

relief is limited to damages or an injunction