{ "@context": "https://schema.org", "@type": "Organization", "name": "Brainscape", "url": "https://www.brainscape.com/", "logo": "https://www.brainscape.com/pks/images/cms/public-views/shared/Brainscape-logo-c4e172b280b4616f7fda.svg", "sameAs": [ "https://www.facebook.com/Brainscape", "https://x.com/brainscape", "https://www.linkedin.com/company/brainscape", "https://www.instagram.com/brainscape/", "https://www.tiktok.com/@brainscapeu", "https://www.pinterest.com/brainscape/", "https://www.youtube.com/@BrainscapeNY" ], "contactPoint": { "@type": "ContactPoint", "telephone": "(929) 334-4005", "contactType": "customer service", "availableLanguage": ["English"] }, "founder": { "@type": "Person", "name": "Andrew Cohen" }, "description": "Brainscape’s spaced repetition system is proven to DOUBLE learning results! Find, make, and study flashcards online or in our mobile app. Serious learners only.", "address": { "@type": "PostalAddress", "streetAddress": "159 W 25th St, Ste 517", "addressLocality": "New York", "addressRegion": "NY", "postalCode": "10001", "addressCountry": "USA" } }

Topic 6 - Estates Flashcards

(9 cards)

1
Q

Define fee simple

A

Fee - estate is inheritable

Simple - Unrestricted character of those who may inherit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Define life estate sa vie

A

The appropriate words of limitation are words that evince an intention to confer an estate which is limited by a life

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Define life estate pur autre vie

A

The appropriate words of limitation set out that it is to exist for the duration of a third person’s life

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Define remainder

A

Express grant of a future interest to a person not previously entitled to the estate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Define reversion

A

Residue of a grantor’s estate when he or she has granted a lesser portion of the interest to another person

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Define conditions subsequent

A

A grant of an estate which has a conditions subsequent attached so that the grant may be cut short

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Define vested interest

A

A vested interest is one that is bound to take effect in possession at some future date

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Define contingent interests

A

A contingent interest is an interest that is not vested in title and is subject to contingency which prevents the interest from vesting in title.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Define the nemo dat quod non habet rule

A

A person cannot convey an interest to somebody else when the conveyor does not have an interest themselves

How well did you know this?
1
Not at all
2
3
4
5
Perfectly